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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraof pillar II bonds. The cash value of the latter more than halved to 4.9 billion euros recently from 10 billion three months ago. In specific, Piraeus and NBG have eliminated their exposure in pillar II... the repayment of pillar II bonds would reach 48 million, the pillar II burden on Eurobank Q2 results
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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... II bonds were eliminated, while interbank repos stood at 3.8 billion euros in November, the lowest... and the issuance of Tier II bonds, in favour of the Greek state, which count in the total regulatory capital
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsyear by the panel of “wise men” and wants Greece to be “within the framework of the European social model,” which includes having collective bargaining. The eight-member panel made a series... the sense that Greek workers have a stake in the expected recovery. Specifically, the panel of experts
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ND and SYRIZA prepare to set out on campaign trail
PoliticsGreek Politicspanel, insist that the reports compiled following the inquiry should not be made public and the session discussing the panel’s findings should also be held behind closed doors. The conservatives argue... the panel but Panagiotis Kontoleon, who oversaw the agency when it bugged Androulakis, was excused
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Temperature rises for Mitsotakis administration as investigations progress, with more to come
PoliticsGreek Politicspotent regular parliamentary inquiry rather than the type of panel that the social democrats are set... transport minister Kostas Karamanlis is expected to submit a written statement to the panel of MPs... Democracy holds a clear majority on the panel, there is nothing that its opponents can do to prevent
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Greek banks set for early ELA return in apparent precautionary move
Economyto the pillar II of a government liquidity support scheme launched in November 2008. The initial... billion) relates to pillar II bonds, while the largest part of the remaining is with EFSF bonds. Note.... In addition, the pillar II bonds, which were recently prolonged by the EC until the end of June
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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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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingon NII of around 340 million in 2016, assuming elimination of pillar II bonds, reinstatement... billion to ELA. The breakdown of the latter shows credit claims of 6.3 billion, pillar II bonds of 3.8... and pillar III bonds stand at 1.2 billion each. The management estimates elimination of pillar II
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Piraeus Port Authority announces profit increase for 2015
EconomyBankingII and III increased by approximately 3.6 million. The report also noted that the company fully.... The concession for Piers II and II was consequently awarded to COSCO at 4.3 billion euros
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ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
EconomyBankingto their participation in the second series of four Targeted Longer-Term Refinancing Operations (TLTRO-II.... The submission of the bids for the first TLTRO-II is due on June 23. Greek banks’ TLTRO-II capacity
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