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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyin June 2012. Although with some delay and at a slower pace, the drop in time deposit rates has... bps year to date to 2.13 percent in June. Similarly, the last 6-month T-Bill yield stood at 2.15... as reduced credit risk stemming from the anticipated economic recovery may lead loan rates
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingmillion. In contrast, the NPL formation in the consumer credit sector remained negative for the third... in June to 19.4 billion in November. In specific, ELA funding was cut by 1.7 billion to 14.2 billion... that the nominal value of pillar II bonds declined from 5.2 billion in June to 2.8 billion in September
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Newsletter 116 - 28/04/2017
speculation that these differences might lead to negotiations carrying over into June. However... as June or July. Fiscal performance in 2016 surprises Primary expenditure 790 million below target... percent and estimated additional investments until the expiration of the concession in 2051. Credit
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Athens wrestles with timing of market return, aiming for maximum impact
PoliticsGreek Politicstap the markets this month in an effort to build on the positive momentum generated by the June 15 Eurogroup agreement, the falling yields and the credit rating upgrade on June 23 from Moody’s, which... credit rating for Greece on July 21. Another upgrade could be seen by some government officials
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammeprogramme next summer. The creation of this reserve was one of the points agreed at the June 15 Eurogroup... package or a precautionary credit line. “In view of the ending of the current programme in August...,” was the concluding statement of the June 15 meeting of eurozone finance ministers. The creation of a pool of stand
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Eurogroup sets up completion of third review, plans for programme's end
EconomyProgrammein the Eurogroup of 15 June 2017,” said the statement in reference to a proposal made by France last... relief measures agreed at last June's Eurogroup, when the second review was concluded. The statement... that there will be no request from Athens for a credit line and to prepare accordingly. According
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankingthe trust of international markets and keep borrowing costs sustainable. The decisions of the June 21... Yiannis Stournaras had been arguing for a precautionary credit line throughout the spring, mostly.... In terms of Greece’s credit institutions, BoG notes the successful conclusion of the stress test exercise
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingguarantees, which had been solved by using the three-year Credit Default Swaps for Greece as a guide... banks have continued with their efforts to bring down bad loans on their books. At the start of June... in Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingeuros of personal loans and credit cards, small business loans and leasing exposures is on track.... The main drivers were credit cards, payments, transaction banking and loan fees. Recurring group... Ratio (LCR) to the level of around 100 percent as at 30 June 2019, management said. Gross loans
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Newsletter 224 -25/10/2019
before the end of the year. Third year or fiscal surplus confirmed for 2018 Athens awaits credit rating... further positive news from S&P on Friday night, when the agency is due to publish its credit rating review. S&P was the first ratings agency to update Greece to ‘B+’ in June 2018, following
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