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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankinghas classified as Cairo I, II and III. In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion in the Hercules scheme, with plans for an application... and mortgages in Swiss francs worth 1.8 billion euros. Cairo II is made up of retail loans worth 2.9 billion
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingsecuritisations of varying size and loan types which the bank has classified as Cairo I, II and III. In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion... euros. Cairo II is made up of retail loans worth 2.9 billion and Cairo III consists of business loans
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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politicsprepayment refunds and liquidity through the guarantee fund and TEPIX II. Of this 3.1 billion is from refunds, 3.1 billion the guarantee fund and 1.7 billion from the TEPIX II business loan scheme... and TEPIX II. In the draft budget, the Finance Ministry puts the total fiscal impact of the support
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingCommission on Hercules II, the successor scheme to Hercules, through which the banks intend... of securitizations, to be included in Hercules II. Eurobank’s Mexico portfolio, will consist of about 3.3 billion... securitization, Sunrise I, to be followed later by a 4 billion-euro Sunrise II portfolio. The banks also
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Lenders confident of being well-placed to overcome global banking sector turbulence
EconomyBankingto be in the region of 20 pct with Tier I, Tier II and senior bond issues and Greek banks have been... notes that senior preferred bonds will rise by 1.9 billion and Tier II by 600 million by 2025, while Alpha has one billion in Tier II and 1.35 billion euros in senior preferred. NBG has 1.8 billion euros
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingbank bonds (pillar II), which would not qualify for ECB eligibility as of March 2015, amount to 5.3... bond purchase program and repo the retained covered bonds and securitisations to offset the pillar II
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Greek banks' Eurosystem funding rises again in November, up by 1 bln
EconomyMacroeconomymainly relates to state-guaranteed (Pillar II) bank bonds and EFSF bonds, received by Greek banks... II state guarantees were initially issued in 2008 under a bank liquidity support program and were
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SYRIZA hits back in funding row, says it could issue T-bills and use repos
Economyin November 2008 and refer to the pillar II and III of a liquidity support programme for Greek banks...’ financial statements for Q3 2014, the cash value of pillar II bonds used for ECB funding stood at 21
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The state of play with Greek banks' liquidity
Economyhad placed with the ECB such type of collateral (Pillar II bonds) with a cash value of 21 billion.... Taking into account that pillar II bonds are eligible for ELA funding and Greek banks may also use
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ECB refuses Greek government bonds as collateral: What does it mean?
Economythough that ECB-eligible collateral (pillar II bonds) with a cash value of 21 billion euros... mainly using pillar II and III bonds, GGBs and potentially some of the securitisations that were
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