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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingterms, NPEs reached 28.7 billion at the end of 2014 compared to NPLs of 20.6 billion. Loan deleveraging... 115 percent in Q3. Eurosystem Eurosystem funding rose to 14.8 billion euros at the end of Q4 from... of 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8
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As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politicsabout this subject on Tuesday. But Athens still appears keen to change the terms of the tender, which... unlock funding will carry over into May. Although some Greek government officials insist a deal... of at least some of the 7.2 billion euros in remaining bailout funding but the institutions insist
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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politicswithin his own party will not die down so easily, especially if there is disquiet over the terms of any... that would secure further bailout funding and solve the government’s growing liquidity problem might... the conditions are in place for funding to be released following the next finance ministers’ gathering on May
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Newsletter 30 - 12/06/2015
in order for the ECB to continue providing liquidity to Greek banks under current terms and conditions... its short-term funding needs, mainly related to IMF payments, as well to substitute foreign investor... that the Greek banks have placed with the ECB as collateral for funding purposes. Those bonds were granted
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingQoQ in euro terms. The bank said that the time deposit spread remained stable QoQ at 162 basis points... reflecting: a) the higher reliance on the Emergency Liquidity Assistance (ELA) funding, which comes... outflows also led to increased dependence on Eurosystem funding by 4 billion euros to 27.6 billion
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammebargaining. Katrougalos also raised the issue of the minimum wage, particularly in terms of how... as funding of the guaranteed minimum income (GMI), where substantial progress has been achieved but which... to have different views on the GMI funding. The institutions reportedly proposed the reduction
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Alpha and NBG complete sales of hotels
EconomyBankingAssistance (ELA) funding. Based on the latest official data for August, NBG’s ELA funding stood at 5 billion euros, corresponding to 6 percent of its total assets. Both in absolute terms and relative to assets, NBG’s reliance on ELA funding is by far the lowest among its Greek peers. In its weekly
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Newsletter 99 - 09/12/2016
, such as a partial debt write-off (in nominal terms) and longer grace periods for repayment obligations. It remains... risk using the EFSF/ESM funding strategy. Regarding the second review, Eurogroup President Jeroen... exceeding Greece’s allocated funding quota by over 1,000 percent. Greece is currently the IMF’s single
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About to soar? Greece's economy still needs to be handled with care
Agorapercent this year, which will present the government with serious challenges in terms of budget.... Following the inflows since May, Greek banks’ Eurosystem funding fell for the 25th successive month... substantial for the year, surpassing the drop in June of 2.67 billion. Central bank funding stands at 50.37
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesis to leverage around 500 million euros in funding to support business growth. By providing loans at comparatively favourable terms, the investment instrument will provide an important boost... (EU) along with funding from the European Investment Bank (EIB) through the European Fund
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