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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomyat 14.95 billion (4.8 percent) and repos at 10.31 billion (3.3 percent). According to a document... to cover its short-term funding needs. In absolute numbers, arrears increased to 4.82 billion in April... used for ECB funding. At the same time, bank support scheme guarantees slightly rose to 43.47
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Coalition sees key targets met in debt deal but opposition has holes to pick
PoliticsGreek Politicsby the European Stability Mechanism, of which 3.3 billion euros will be used to buy back debt held by other... Eurogroup in Luxembourg, an agreement that ensures Greece’s medium-term funding needs will be kept... of 24.1 billion euros that will cover its funding needs for almost two years. Once the debt buy-back
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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingto participate in the government’s Hercules II asset protection scheme. Mexico will consist of about 3.3... of Risk -- compared to 170 basis points in 2019. Balance Sheet Eurosystem funding came to 8 billion..., the entirety of the Eurosystem funding came from the European Central Bank’s TLTRO program
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBanking, mainly due to the first group of moratoria expirations. During Q4, 3.3 billion euros of moratoria... to deposits ratio came to 77 percent. Eurosystem funding increased to 11 billion euros from just 400... refinancing operations (TLTRO III) funding. Gross loans before impairments and adjustments totalled
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingstood at 491 million, a rise of 9 percent YoY. Impairment charges came to 3.3 billion euros... percent and the net loans to deposits ratio came to 65 percent. Eurosystem funding stood at 13.5... utilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans
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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
EconomyBankingwas 8.7 pct, with a coverage of 49 percent. The stock was 3.3 billion euros. The bank notes that two... billion in H1. The liquidity coverage ratio stood at 192 percent. Eurosystem funding stood at 14.4... operations (TLTRO III) funding. Net loans came to 36 billion euros, with loans comprising 44 pct
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PM launches reconstruction plan for disaster-hit regions as SYRIZA walkout spawns new group
PoliticsGreek Politicson Wednesday after the prime minister announced 3.3 billion euros of measures for the affected regions...’s claims to have secured additional European funding for the measures and earmarked funding
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C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight
EconomyMacroeconomyin the import bill and a 3.3 percent increase in export receipts b) rise in the services surplus by 10.3 percent... lies with the funding ability of export-oriented companies as well as the widening of the tourist base
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Greek pensions laid bare
Agorafor supplementary pensions whilst is 3.3 billion. The total annual figure corresponds to 15.7 percent... to SSFs serve a varied role. Aside from plugging funding holes in various pension funds, in 2014 the state
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Newsletter 138
percent month-on-month to 71.7 in August while volumes also fell by 3.3 percent. Economic sentiment... that has left funding stagnant and kept borrowing costs for businesses prohibitively high. Greece’s
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