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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingloss reserves - LLRs) reached 12.5 billion in Q3 corresponding to 22.6 percent of total loans up... a similar contraction. At the same time deposits rebounded 1.1 percent QoQ to 55 billion with all key
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Greek unemployment drops slightly to 25.8 pct in October on lower jobless
EconomyMacroeconomypercent in September. The recorded drop in the October rate is mainly attributed to a 1.1 percent... or 11.4 percent of total registered jobless receive the monthly benefit of 360 euros. The number
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Newsletter 11 - 16/01/2015
to be in a straight contest for third spot. The centrist party is edging ahead in most polls but the virtual total...’s EAP targets, the net comparable budget underperformance stands at 1.1 billion. Primary surplus
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Greek deposits down 4.2 bln in Dec for highest outflows since June 2012
EconomyMacroeconomyand sight recorded inflows of 1.1 billion and 932 million respectively. Time outflows most likely... for the full year. Total deposits - which also include euro and non-euro area residents – fell by 5.1
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November sees highest MoM drop in employment as headline figure remains at 25.8 pct
Economyreflects a MoM drop in the number of employed and jobless by 0.8 and 1.1 percent respectively... to 173,526 in December corresponding to 16.3 percent of total from 11.4 percent in November. The number
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsconsequences. The governing council decided on Tuesday to increase Greece's ELA limit by 1.1 billion euros, taking it to a total of 80 billion. There was no increase in the haircuts applied to Greek
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April from 2.93 billion in March to reach a total of 112.84 billion, according to the Bank of Greece's (BoG... so far in May, by 2 billion on May 6 and by 1.1 billion on May 12 taking it to 80 billion. Bank
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How Greek banks can balance on the collateral tightrope
Agorabonds, stood at 38.5 billion bringing their total Eurosystem funding reliance to 112.8 billion. The ECB decided on May 12 to lift the ELA cap for Greek banks by 1.1 billion to 80 billion. Banking sources
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Newsletter 27 - 22/05/2015
February. It had been rumoured Athens would ask for the ELA cap to be increased by 1.1 billion..., bringing the total Eurosystem reliance to 112.8 billion. Assuming a current average haircut of around
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsan increase in the ELA cap by 1.1 billion but reports suggested that around 1 billion euros was withdrawn... on this issue, which is in total contrast with the Greek government’s insistence that its creditors who
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