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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingeuros on the back of lower Greek deposit cost and pillar II costs. Fee income also rose by 8... stands at 5.7 billion. It is worth noting that Piraeus was the first bank to eliminate pillar II bonds... is expanding. Piraeus also noted it participated with 4 billion in ECB TLTRO II in June, of which 2.7
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects... Eurosystem cash buffer rose to 4.3 billion in August from 3.1 billion in March. Pillar II bonds.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... that the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... that reached 6.7 billion in August from around 5 billion in March. In addition, pillar II bonds (nominal
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingguarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while... increased from around 5.5 billion in June to 7.4 billion in November. Pillar II bonds stood at 3... half of 2017. The total pillar II cost amounted to 15 million in Q3, of which 10 million burdened NII
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingand Pillar II utilisation, which offset lower income from loans. On an annual basis, net interest... in Greece, and better market access. As of late October 2017, outstanding Pillar II bonds were eliminated... are pro-forma for the redemption of 950 million euros of preference shares with Tier II bonds
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, the QoQ increase in the top line has almost absorbed the cost of the new Tier II issue. The new time... of 400 million euro Tier II subordinated bonds in June 2019. Following the elimination of ELA... as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankinghas classified as Cairo I, II and III. In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion in the Hercules scheme, with plans for an application... and mortgages in Swiss francs worth 1.8 billion euros. Cairo II is made up of retail loans worth 2.9 billion
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingsecuritisations of varying size and loan types which the bank has classified as Cairo I, II and III. In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion... euros. Cairo II is made up of retail loans worth 2.9 billion and Cairo III consists of business loans
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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politicsprepayment refunds and liquidity through the guarantee fund and TEPIX II. Of this 3.1 billion is from refunds, 3.1 billion the guarantee fund and 1.7 billion from the TEPIX II business loan scheme... and TEPIX II. In the draft budget, the Finance Ministry puts the total fiscal impact of the support
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingCommission on Hercules II, the successor scheme to Hercules, through which the banks intend... of securitizations, to be included in Hercules II. Eurobank’s Mexico portfolio, will consist of about 3.3 billion... securitization, Sunrise I, to be followed later by a 4 billion-euro Sunrise II portfolio. The banks also
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