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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingannounced that it had entered into a binding agreement with Hoist Finance AB for the disposal... euros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well... in wholesale funding cost is expected in Q4 2018 as ELA approaches full elimination. On an aggregate
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBanking-binding bids must be received by December 10, and binding bids by the end of February. The bank hopes..., with zero Emergency Liquidity Assistance (ELA) exposure since late November 2017, assisted by capital... ) funding. NBG remains the only core Greek bank that is off ELA while retaining a liquidity buffer
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy) loans by 6.34 billion euros. Much smaller changes were recorded in special purpose and bilateral... almost 69 percent of total central government debt. On top of bilateral (52.9 billion) and EFSF... purpose and bilateral loans, including those granted by the European Investment Bank (EIB) rose
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingat the same time its reliance on the Emergency Liquidity Assistance (ELA) funding. From the peak of around 18 billion euros in July 2015, the bank said it has reduced ELA funding by almost two-thirds... Eurosystem funding stood at 20.8 billion euros in mid-May, of which 11.2 billion relate to ELA
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Newsletter 15 - 13/02/2015
the Emergency Liquidity Assistance (ELA) capacity to Greek banks by an additional 5 billion, up from the 60... at the end of December, equally split between ECB and ELA funding. The cost of ELA is 1.55 percent, 150 bps above that of ECB funding. On the current utilisation of ELA funding of 40 billion, this corresponds
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Newsletter 24 - 24/04/2015
will have to cover this liquidity shortfall through additional emergency liquidity assistance (ELA... on Wednesday raised the ELA limit for Greek banks by 1.5 billion to 75.5 billion. This means that banks have an ELA cash liquidity buffer of 2.9 billion, down from 4 billion the previous week, implying
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingof denounced NPEs in the remaining portfolio to roughly 30 percent. Binding offers have been received...-binding offers have been received for the Cairo portfolio, management noted. P&L NII fell by 2.9... QoQ to 1.3 billion in March 2019. Emergency Liquidity Assistance (ELA) funding has been fully
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European Commission's travel guidance brings some optimism for Greek tourism sector
PoliticsGreek Politicsand protective measures. While the guidance issued was non-binding, it sets the baseline for member-states.... The move allows for bilateral agreements, such as those emerging between Austria and neighbouring... states. Bilateral travel agreements are one of the main planks of Greece’s post-pandemic tourism strategy
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Greece and Turkey go into new round of exploratory talks with trust at a premium
PoliticsForeign PolicyAfter months of bilateral tension over maritime borders and gas exploration rights, Turkish..., and these talks are not binding for either side. He also said that there are no common records of these meetings... opposition But this determination of Prime Minister Mitsotakis to resort to The Hague if bilateral
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyno right to sign any binding agreement. According to Kathimerini’s story on Sunday, Mitsotakis..., to negotiate with Turkey the only bilateral difference [between the two countries], always according... historic ties with Greece and improving bilateral relations. Referring to the trilateral meetings
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