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Banking
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EconomyMacroeconomy
Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb Greek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
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EconomyBanking
Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs Greek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets in the fourth quarter (Q4) of 2016, the second quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed on Wednesday afternoon.
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EconomyBanking
Piraeus Bank posts minor losses in Q4, almost breaking even for 2016 Piraeus Bank concluded the release of Greek banks’ fourth quarter (Q4) results on Friday evening by announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million in the previous quarter.
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EconomyMacroeconomy
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb Greek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday.
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EconomyBanking
NBG records net profits of 73 mln in Q4, turns profitable for whole year National Bank of Greece (NBG) remained profitable in the fourth quarter (Q4) of 2016, with net profits of 73 million euros from 6 million in the previous quarter.
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EconomyBanking
Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter.
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EconomyBanking
Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016 Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.
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EconomyProgramme
Out-of-court workout bill prepared amid apparent concern from banks The Development Ministry tabled on Tuesday to Parliament’s legislative committee the draft bill on the out-of-court workout, which is also directly linked to the resolution of non-performing loans (NPLs).
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EconomyMacroeconomy
Deposit outflows continue in Feb but slow to 750 mln The Greek banking system recorded outflows for the second successive month, albeit reduced to 750 million euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures revealed on Monday.
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EconomyMacroeconomy
Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln The rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday.