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Newsletter 97 - 25/11/2016
and funding. The rating agency estimates that banks’ non-performing exposure (NPE) ratio will decline to 40... funding costs, while impairment losses dropped by 12 percent QoQ to 182 million. The second round.... The findings mean that just 16 percent of Greeks view the EU in a positive light, well below the Union
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Greek banks’ reliance on Eurosystem fell by 2.36 bln in October
EconomyGreek banks’ Eurosystem funding, the combined liquidity they have received from the European... statement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion and in ECB funding by 1.35 billion at 62.47 billion. The outstanding balance stood at 70.43 billion euros
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Greek banks set for early ELA return in apparent precautionary move
Economyrequests for ELA funding at some point in February, particularly because collateral of 21 billion euros would no longer be eligible for ECB funding from March 1. However, it appears that liquidity... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgrammewelfare review (SWR) in line with the World Bank findings. Other funding sources include permanent...The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues... of 350-400 million euros for the GMI funding. Government sources argue it is lower and could be also
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economycovering the capital shortfall of 5.8 billion (under the binding baseline scenario) identified... that this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40..., is that according to a March 2013 ECB statement they would no longer be eligible for funding purposes
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economylegally binding, according to reports. The initial decision was already in effect for the three T...) funding. It is clear that this figure is irrelevant to the limit applied by the ECB on February 18... that the week before the Orthodox Easter is the most crucial for Greece covering April funding needs.
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturespot of funding over the current five-year period. A key goal of this framework is to promote... euros, and so far the project has received an EU funding package of 45 million euros through the EEEPR... through the introduction of binding targets. A first phase budgeted at 322.7 million euros is due
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Moments to remember from the euro crisis
Agorathe ECB might no longer be able to accept Greek bonds as collateral for funding to local banks. Trichet..., Trichet warned Dublin that the ECB would not be able to maintain funding (ELA) for Irish banks... intervention was a way of binding the Italian government to a certain policy path, assuaging concerns
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingof this year. Non-binding offers have also been received for Project Mirror, an unsecured portfolio.... Eurosystem funding came to 2.3 billion in Q4 and was unchanged QoQ. As of the end of 2017, NBG had fully eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding from
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Audit of Greek debt adds to pressure on Tsipras in creditor talks
PoliticsGreek Politicswith lenders more complicated by publishing the preliminary findings of a debt audit committee she..., but Konstantopoulou felt it had covered enough ground to issue its first findings on Wednesday, some two... preliminary findings certainly make it much more difficult for Tsipras to bring back an agreement
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