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What are the implications of the ECB's decision for Greek banks?
Economy, state-guaranteed bank bonds (pillar II) would not be ECB-eligible as of March 1. The cash value of those... resort to the ELA mechanism for funding using pillar II and III bonds, GGBs and T-Bills as well
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingII bonds, 9.2 billion to credit claims, 3 billion to pillar III bonds, T-Bills and Greek government... to profitability this year are the NPL evolution and the reduction of pillar II bonds, which bear
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyas of February 11 following a relevant ECB decision. These collaterals primarily relate to pillar II bonds (at 37 billion at the end of March) as well as pillar II bonds, T-Bills and Greek government bonds
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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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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorato guide for reducing or even eliminating use of pillar II bonds in the course of 2016..., with pillar II bonds next at 15.4 billion, while Greek government bonds and T-Bills as well
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingand Greek government guarantees (pillar II bonds). As a result, the net interest margin (NIM) further... to credit claims, 4 billion to pillar II bonds, 1.3 billion to Greek government bonds (GGBs) and T-Bills
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto loans and other (15 billion), while the cash value of the used pillar II bonds stood at 1 billion. It is worth noting that the bank has eliminated the use of pillar II bonds since the end of April
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingof 22.8 billion, the majority (15.3 billion) relates to loans, 3.5 billion to pillar II bonds, 2... II bonds (bearing an interest cost of 150 bps above that of the ECB funding and a fee cost of 115
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingmillion on the back of lower pillar II costs, while insurance income almost halved QoQ to 12... to 4.8 billion in Q3. It is worth noting that NBG eliminated its pillar II exposure at the beginning
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingfunding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due... of 7.2 billion in December, while the nominal value of pillar II bonds dropped further to 2.5
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