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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraimprove NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our... stems from a further reduction in their reliance on the Emergency Liquidity Assistance (ELA) funding... be replaced by cheaper ECB funding. This would have a positive impact on banks’ NII of 76 million
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Newsletter 99 - 09/12/2016
successive year, albeit slightly, by 0.6 percent to 947 million US dollars in mid-2016. The wealth per adult... risk using the EFSF/ESM funding strategy. Regarding the second review, Eurogroup President Jeroen... exceeding Greece’s allocated funding quota by over 1,000 percent. Greece is currently the IMF’s single
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingits Q4 tangible book value per share of 5.66 euros.... 1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker.... Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingto the hedging of ‘Titlos’ security. The management expects this hedging cost at around 30 million per... loans) of 243 bps versus 278 bps in Q1 and 220 bps a year ago. Balance Sheet Eurosystem funding fell... in August. The decline mostly relates to a reduction in the Emergency Liquidity Assistance (ELA) funding
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Newsletter 15 - 13/02/2015
. While it may be fairly simple to name the agreement in another way, finding another monitoring... that the Eurosystem funding for Greek banks currently stands close to 80 billion, compared to 56 billion at the end of December, equally split between ECB and ELA funding. The cost of ELA is 1.55 percent, 150 bps
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Inquiry into surveillance scandal begins as ND feeds speculation about change to election law
PoliticsGreek PoliticsDevelopment Fund (HRADF), Stergios Pitsiorlas, in which he expressed his disappointment at finding out that he... the committee one month to deliver its findings. Traditionally, such inquiry’s rarely lead to any conclusive findings and often result in each party represented on the panel submitting its own report
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Opposition eyes continuation of wiretapping probe by other means
PoliticsGreek Politicson a fact-finding mission. Unlike the inquiry held by the Greek Parliament, journalists who were victims... was held to debate and vote on the findings of the recent parliamentary inquiry into the National... findings. The opposition parties followed suit. In another bizarre twist, ND used its majority to deem
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Survey attempts to map current contours of progressivism in Greece
Society, they risk forfeiting credibility to rivals promising both order and efficiency. The finding that 70.2... by Aboutpeople, which polled 2,260 Greeks this summer. The survey findings suggest that progressivism in Greece... grievance and order-of-business items such as secularism and sex education. Key findings More than
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammereached 7.24 billion in 2014, implying an average increase by 1.03 billion per month. Including... review. They key issues involve the consolidation of primary social security funds (SSF), the funding... in the negotiations for the identification of funding gap and decisions on debt relief measures along
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammecontrols’ legislative decree, the daily withdrawal limit from the ATMs was set at 60 euros per card..., citing funding issues that arose due to the capital controls. This is mainly attributed to revenues... probably fall short of target for the second straight month creating an additional funding issue
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