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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy. This was also the case in the last two years. For 2014, MoF anticipates the primary surplus will top 3.3 billion... ports, marines and real estate properties. Funding needs On the coverage of 2015 funding needs, the MoF... months, while short-term funding will be implemented via T-bill issues and repo agreements with gg
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingpercent) while savings showed a modest drop by 3.3 percent. As a result, loan to deposit (LTD) ratio jumped close to 120 percent in Q1 from 101 percent in Q4. Eurosystem Eurosystem funding climbed from... billion in mid-May. The breakdown of the most updated figure includes ECB funding of 15.1 billion
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Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
EconomyMacroeconomyof November. BoG data published on December 13 displayed Greek banks’ Eurosystem funding dropped for the 17th successive month by 3.3 billion euros from the previous month to 68.49 billion in November...) funding by 2.06 and 1.24 billion respectively. Greek banks’ reliance on Central Bank funding has declined
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking. Having reduced its NPE stock by 3.3 billion so far, the remaining reduction stands at 5.1 billion... 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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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingpressure on spreads. Balance Sheet Eurosystem funding declined by 1.1 billion euros QoQ to 10 billion in December, and fell by an additional 3.3 billion to 6.7 billion in March 2018, reflecting deposit... million, beating the expectations of industry analysts. This was mainly due to lower Eurosystem funding
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBanking(ELA) was completely eliminated during Q3. Interbank repos came to 2.2 billion in September from 3.3 billion in June. The bank notes that the drop came from shifting interbank repo funding... will gradually have a positive result on the cost of risk for Piraeus Bank. Balance Sheet Eurosystem funding
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Newsletter 357 - 04/11/2022
by MEPs may yield more results than the limited inquiry carried out by the Greek Parliament, which saw...PoliticsOpposition launches new attacks over surveillance, cronyismThe government found itself this week fending off more unwanted attention regarding the surveillance scandal, a matter New Democracy
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What is the state of play with Greek banks?
Economy, other cost cutting initiatives, lower funding cost and disposal of non-core assets will also be taken into account. Lower funding cost is the key top-line positive element stemming from the sharp reduction of time deposit rate on the new production by c1.40 percentage points to 3.3 percent
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomymillion in November. In particular, housing loan balances contracted 3.3 percent to 71.05 billion... the recorded deposit inflows in December, Greek banks’ Eurosystem funding (the combined liquidity... funding purposes). Credit contraction At the same time, the year on year (yoy) credit contraction
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyrefund arrears) continued heading north for the third straight month rising by 3.3 percent month... in September. Short-term loans relate to intra-government funding via the cash reserves of the gg... as of June. That development reflected Greek banks’ zero reliance on ELA funding as of May
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