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Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln
EconomyMacroeconomyprimarily involves pillar II bonds (at 47 billion at the end of February) as well as pillar II bonds, T... though that such a decision will not have any impact on pillar II bonds, which would continue being non
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyfunding and government guarantees’ (pillar II) cost. The bank said the bulk of the NII... showed it contains pillar II bonds of 13.7 billion, credit claims of 8.7 billion, pillar III bonds, T
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Referendum and the ECB to determine the future of Greek banks
Economyindicate that the currently applied haircuts stand at around 20 percent for bank bonds with pillar... for Greek government bonds (GGBs) and less than 10 percent for T-Bills. Pillar II bonds made up 45... is equally split between state guaranteed securities (pillar II and III guarantees, GGBs and T-Bills
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingcapital needs of 4.6 billion. The first pillar involves an equity offering without pre-emptive rights... a resolution. The second pillar relates to a Liability Management Exercise (LME) involving a voluntary exchange... to raise capital up to 0.8 billion for the LME. The last key pillar involves the sale of 100 percent of its
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraon an annual basis. Greek banks also reduced the pledged pillar II bonds by 5.4 billion euros... points (bps) to the state on the nominal value of the pledged pillar II bonds. Banks aim to further reduce their pillar II bonds in the coming quarters, with Piraeus having already eliminated its
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects... Eurosystem cash buffer rose to 4.3 billion in August from 3.1 billion in March. Pillar II bonds.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... that the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... that reached 6.7 billion in August from around 5 billion in March. In addition, pillar II bonds (nominal
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingguarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while... increased from around 5.5 billion in June to 7.4 billion in November. Pillar II bonds stood at 3... half of 2017. The total pillar II cost amounted to 15 million in Q3, of which 10 million burdened NII
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingat 369.3 million. This was mainly due to lower Eurosystem funding and Pillar II utilisation. On an annual... in particular fell to 7.5 billion in November from 11.2 billion in June. As of late October, outstanding Pillar... of the bank.” he said. “In addition we eliminated the use of Pillar II guarantees, completing a cycle
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingof the law 3869/2010 backlog in 2019. Sales from Pillar and Cairo portfolios, worth 2 billion and 7 billion... the code name Pillar. The transfer of the 7-billion-euro pile is expected to cause capital... from capital markets, asset management, lending activities and the elimination of Pillar II guarantees
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