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PM looks for positive news amid growing voter despondency
PoliticsGreek Politicsthe PM and 28 pct who opt for “other”. This finding suggests that voters are not persuaded by Mitsotakis... is considered the likeliest pairing. The qualitative findings of the survey confirm the sense
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New Democracy sees silver lining in polls as ELAS consolidates second place
PoliticsGreek Politicsof follow-through. ND will also take heart, however, from another qualitative finding of the Marc polls... influence within the party. Overall, however, ND strategists are cautiously optimistic about the findings
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Greek QE eligibility? We're not there yet
Agora, 12.84 billion euros in GGBs held by the ECB and NCBs (out of a total amount of 47.75 billion) fall... funding. Draghi confirmed that the ECB insisted during the last Eurogroup on August 14 that any bail... to reinstating the waiver for ECB funding. Such a development would require Greece to be in a financial
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomythis period. Meanwhile, Greek banks’ Eurosystem funding declined for the sixth straight month by 5.89 billion to 107.51 billion at the end of December. The decrease reflects a notable fall in Emergency Liquidity Assistance (ELA) funding by 8.57 billion partly offset by a rise in ECB funding by 2.68
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingat the end of 2016 to fall below the 2015 level.... reflects lower funding cost with the Greek deposit spread improving by 17 basis points (bps) QoQ... funding fell by more than 6 billion QoQ to 25.3 billion at the end of December and further to 24.3
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Newsletter 65 - 04/03/2016
, investment and tourism, coupled with bigger fall in imports compared to that in exports. Eurobank kicked off... than the flash estimate of 1.9 percent. Eurosystem funding eases Greek banks’ Eurosystem funding eased... reflects a decline in ECB funding by 1.35 billion euros. Emergency liquidity assistance (ELA) funding
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomy’ reliance on Eurosystem funding fell by 1.86 billion euros to 104.23 billion in February. The monthly change reflects a fall in the Emergency Liquidity Assistance (ELA) funding by 0.85 billion to almost 68 billion, while ECB funding eased by 1 billion to 36.34 billion. Since July, central bank funding
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Fitch affirms Greece’s rating at ‘CCC’
Economy. Moreover, unemployment is expected to fall by 4 percentage points from 25.9 percent in 2015 to 21.9 percent... to face very large funding imbalances with the Emergency Liquidity Assistance (ELA) funding making up 20 percent of their funding. In addition, the reinstatement of waiver is expected to allow only a fairly
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingis anticipated to fall by 35 percent between December 2017 and December 2019. This will be achieved... net loans. Balance Sheet Eurosystem funding fell by around 2.3 billion QoQ and came to 9.7 billion euros at the end of Q4. Across the year, funding fell by 11.2 billion. Emergency Liquidity Assistance
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingare expected to continue to fall as processes are streamlined, including further digitalising initiatives... and wholesale funding costs, management said. The Net Interest Margin (NIM) was also stable QoQ at 2.5 percent... for Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1
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