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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingsold 72 million NPLs in Bulgaria. Eurosystem funding dropped by 1.4 billion QoQ to 21.5 billion in Q2 and further by 3.5 billion until August. The breakdown displayed the Emergency Liquidity...) improved 1.3 percent QoQ to 387.7 million mainly driven by lower funding cost related to reduced reliance
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Fitch affirms Greece’s rating at ‘CCC’
Economyconditions until 2018 could prove highly challenging taking also into account the track record... to face very large funding imbalances with the Emergency Liquidity Assistance (ELA) funding making up 20 percent of their funding. In addition, the reinstatement of waiver is expected to allow only a fairly
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankinguntil November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1... to 388.9 million in Q3, mainly driven by lower funding cost largely stemming from reduced reliance on the Emergency Liquidity Assistance (ELA) funding that more than offset a drop in the loan NII
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking. Provisions are seen close to 1 billion in 2017. Balance Sheet Eurosystem funding fell by 2 billion QoQ to 15 billion in June and by another 2.5 billion euros until August. Specifically, the Emergency...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking191 bps in 2016. Balance Sheet Eurosystem funding fell by 8.2 billion in 2017 to 10.2 billion in December and by another 2.1 billion euros until March 2018. Specifically, Emergency Liquidity... funding costs on the back of reduced ECB dependence. On an annual basis, NII was roughly stable
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Reflections on Greece's balance of payments
Agora” position. This has a clear explanation: the Greek foreign debt was issued until around 2010 mainly... in 2009 when the funding stopped with the onset of the Great Recession. Then, between 2009 and 2014... of the euro area partner countries, the ECB, and the IMF helped Greece with unprecedented funding
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For 2026, PDMA sticks to debt strategy that proved successful previously
Economyinterest rate of 3.1 pct in the same period and primary surpluses in the region of 2 pct until 2070... to achieve four main objectives: Enhancing market access, containing funding costs and debt related risks... and maintaining regular market operations. The funding costs and risks containment will be achieved
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomythat had been posted until June 2012, when the last general elections were held. Although Greek banks’ deposit base has not improved in 2014, their reliance on Eurosystem funding has retreated by 11 billion... in May. Lower funding from the ECB is attributed to higher interbank lending and continued
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme, but it was postponed until June 10, one day after the cabinet reshuffle and the appointment of a new finance... of alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability..., there is a funding gap of 12.6 billion in 2015, notably for the seven months after May 2015
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A Greek proposal that deserves to be heard
Agorauntil the end of 2017, it would also allow Greece to benefit from QE as it would no longer be above... and repayments to the International Monetary Fund that create a major funding hump of around 24... reduce its funding needs in the mid-term and help Greece regain market access through eligibility
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