Search
-
Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingpercent in Q4 from 65.5 percent in the previous quarter. During the conference call, the management noted... in Q4, reflecting weaker lending NII almost offset by lower funding cost related to Eurosystem funding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due
6% -
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingthe conference call, management appeared optimistic that the end-2017 NPE and NPL reduction targets...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost... for the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1
6% -
Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingduring the conference call that “we are confident of meeting the full-year NPE reduction target...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income.... Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion
6% -
Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingcall, management noted that it expects about 55 million of annual savings, or 5 percent of recurring... net loans. Balance Sheet Eurosystem funding fell by around 2.3 billion QoQ and came to 9.7 billion euros at the end of Q4. Across the year, funding fell by 11.2 billion. Emergency Liquidity Assistance
6% -
Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingthe conference call, the management noted that the static balance sheet of 2013 will be used.... The slight improvement mainly reflects higher deposit NII and lower funding cost, which more than offset... in deposit spread (by 9 bps) and further reduction in Central Bank funding balances and cost. Going forward
6% -
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingand a drop in the loan NII. During the conference call, the management guided for a positive impact... cash coverage ratio at 53 percent. Eurosystem funding dropped by 1.6 billion euros QoQ to 24 billion in Q4 and further to 23.4 billion on March 10. The current figure incorporates ECB funding of 12.5
6% -
NBG completes sale of Finansbank to Qatar National Bank
EconomyBanking22, while the management had indicated in the conference call of first-quarter results... bonds, reducing accordingly its reliance on the Emergency Liquidity Assistance (ELA) funding and the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros
6% -
One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingthe conference call, the management guided towards further divestment in the Southeast Europe (SEE), while... percent QoQ to 482 million largely driven by lower funding cost due to reduced Emergency Liquidity Assistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30
6% -
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingin capital and 1 billion euros in liquidity. Management noted in the conference call that a sale... other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion... (ELA) funding from 3.8 billion in June to 2.3 billion in September. At 1 billion euros in October, NBG
6% -
Newsletter 424 - 24/05/2024
that he was “not losing sleep” waiting for a call from the SYRIZA leader. Commenting on his recent... becomes more complex as the process of the funding reaching the economy is moving at a significantly... ownership of specific approved projects. The pace at which funding is reaching Greek companies is even
6%