Search
-
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingreflecting: a) the higher reliance on the Emergency Liquidity Assistance (ELA) funding, which comes.... This is almost entirely attributed to a similar change in ELA funding, which rose to 17.6 billion in Q2 from... to 41 million euros. In the domestic market, housing loans showed a material improvement in the NPL
21% -
General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomymaterial change. As a result, the breakdown of outstanding remains almost unchanged from last month... support guarantees by 2.48 billion and in Emergency Liquidity Assistance (ELA) guarantees by 2 billion Overall, ELA and bank support guarantees edged down to stood at 56.42 and 14.24 billion
21% -
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... Assistance (ELA) funding notably decreased from 18.3 billion in March to 15.8 billion in June and further..., it expects a material reduction in NPE formation in H2 and flattish or negative formation in Q1 2017.
21% -
Under increasing domestic pressure, govt awaits EU signs for response to energy security threat
PoliticsGreek Politicsit was announced that Russian gas supplier Gazprom would cease delivering gas to Poland and Bulgaria... sanctions has sharpened the government’s focus on the security of national energy supplies... supplies”, while sources at Greece’s state-controlled gas company DEPA commented that “have matters
21% -
Newsletter 305 - 16/07/2021
Vaccines turn political PM announces compulsory jabs for some, prompting first major anti-vax protest Amid concerns about an approaching fourth Covid wave hitting Greece this summer, the government announced the start of compulsory vaccinations this wee...
21% -
Newsletter 24 - 24/04/2015
will have to cover this liquidity shortfall through additional emergency liquidity assistance (ELA... on Wednesday raised the ELA limit for Greek banks by 1.5 billion to 75.5 billion. This means that banks have an ELA cash liquidity buffer of 2.9 billion, down from 4 billion the previous week, implying
20% -
Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomya marked rise in the average supplier delivery times at a pace that was the most pronounced ever... time, the lack of supplies’ availability led to an increase in the average purchase prices... requirements as new orders plunged b) Manufacturers’ difficulty in sourcing materials and semi
20% -
Newsletter 334 - 08/04/2022
to face the prospect of disruptions in the supply of Russian gas after supplier Gazprom demanded payment... as spiralling prices for consumers and the difficulties caused to supplies by Russia’s invasion... and raw materials were pricier. Now energy costs are a major contributor to lower profitability
20% -
To Potami takes next step in mission to become key political player in Greece
PoliticsGreek Politicssigning Greece’s first bailout agreement in 2010. Liberal parties such as Drassi and Dimiourgia Xana
20% -
Defence agreement, views on Turkey attract most interest during Pompeo visit
PoliticsForeign Policyof the S400 which is of a particular interest for the US. Upgraded role? The debate that has begun
20%