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  1. Snap elections in Greece bring state's liquidity constraints into focus

    Economy

    ’s funding problem to the real economy. Similarly to Q1, IMF and interest payments stand at 3.3... these circumstances, the Finance Ministry (MoF) is reportedly considering alternative funding... and the extraordinary T-Bill issues needed to bridge the funding gap. According to the latest MoF

    7%
  2. Piraeus Bank posts net profit of 185 mln in 2018
    Image via www.piraeusbankgroup.com

    EconomyBanking

    , interbank repo balances were reduced to 1.9 billion at the end of 2018 compared to 3.3 billion in June 2018... loan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly

    7%
  3. Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
    Photo by MacroPolis

    EconomyBanking

    has declined by 3.3 billion euros. Management noted that NPE stock fell by 1.2 billion in H1... that there had been an improvement from the liability side and funding costs. Some impact was noted from loan... from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use

    7%
  4. Greek banks push for return to normality

    EconomyBanking

    year. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... was based on the expectation of an improvement in the funding and asset risk of the banks over the next... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined

    7%
  5. Greek families shell out for education as state system falls short
    Photo by Angelos Christofilopoulos/Fosphotos

    Society

    billion euros, with 5.5 billion (62.8 percent) concerning public education and 3.3 billion (37.2 percent... education sytem The findings will come as no surprise to families in Greece trying to ensure a standard... of education, including external and internal evaluation and performance-based funding for higher

    7%
  6. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    million, has incurred. Gross loans fell 3.3 percent QoQ to 73.6 billion. Adjusting for the seasonal... attributed to lower deposit and funding cost and - to a lesser extent - loan margin improvement... of the targeted fully-phased cost synergies of 345 million and 98 percent of the funding synergies of 160

    7%
  7. Consensus, conviction and the anti-racism bill

    Agora

    of consensus and saw herself as a “conviction politician,” she may have been smiling down as the heads... be sued for ranting at other religions or ethnicities, as happens occasionally, while soldiers

    7%
  8. Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
    Photo by MacroPolis

    EconomyBanking

    , which stood at 3.3 billion in February from zero in the summer period. The breakdown of the February... billion for the full year, on higher funding cost related to increased reliance to the Emergency Liquidity Assistance (ELA) funding. Similarly to Alpha and Eurobank, Piraeus also posted a marked QoQ rebound

    7%
  9. Newsletter 84 - 29/07/2016

    Newsletters

    is the highest so far this year. Economic sentiment has improved by 3.3 points since the start... procedures and the submission of binding offers by the end of October. Greece’s economic sentiment increased

    7%
  10. Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    billion and ECB funding by 3.3 billion to 2.4 billion currently. At the same time, interbank repos... to 388.9 million in Q3, mainly driven by lower funding cost largely stemming from reduced reliance on the Emergency Liquidity Assistance (ELA) funding that more than offset a drop in the loan NII

    7%