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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammea week ago provides a good guide on Greece’s funding needs until 2018. However, as IMF managing... interest payments of 17.2 billion euros over this 3.5 year period, Greece’s debt-related funding needs stand at 47 billion. On top of this figure, additional funding needs of 14.7 billion euros
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto 478 million largely on reduced funding cost attributed to lower reliance on the Emergency Liquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee... the NPE coverage ratio was kept stable at 47 percent. Eurosystem funding dropped by 2.3 billion QoQ
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Newsletter 109 - 03/03/2017
by a negative flow of 1.12 billion. Faster fall in Eurosystem funding in January At 63.01 bln, central bank funding hits lowest level since late 2014 Monthly drop largely reflects a marked decline in ECB funding by 2.76 billion to 20.2 billion. Greek banks Eurosystem funding decreased
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingby funding improvements which mostly reflect the bank’s participation in European Central Bank’s... Emergency Liquidity Assistance (ELA) reliance and the calendar effect. Funding costs were down by 25 million... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingloan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly... over net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingthat there had been an improvement from the liability side and funding costs. Some impact was noted from loan... from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use... and the switch from interbank repos to ECB funding. The Net Interest Margin (ΝΙΜ) in Q2 came to 243 bps versus
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We need to talk about unemployment
Agoraof the terrifying dimensions that unemployment has taken. The programs, assisted by EU funding, aim... Unit and the OECD. According to their findings, the OECD had the lowest error coefficient, meaning
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Golden Dawn support down to 2012 levels but with potential to rise again, poll shows
PoliticsGreek PoliticsThema newspaper underlines the findings of other surveys in the past few days, which show... is a threat to democracy but 26 percent don’t. Finally, 64 percent think it is right that state funding
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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomycorporates should seek alternative funding sources, the central bank says, including debt financing... recapitalisation last May, Greek banks’ Core Tier 1 ratio reached 10.7 percent. The findings of Blackrock loan
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Tsipras identifies first bills, domestic approval assured
PoliticsGreek Politicsafter tax evaders rather than have to refer their findings to tax offices, where there is often... through electricity bills, whose revenues go towards funding public broadcasting. Beyond
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