Tag: Bank Profitability
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Lloyds Warns of a Greater Hit From Car Loan Finance Scandal
Overview: Lloyds flags a potentially bigger bill Lloyds Banking Group has signalled that the cost of the motor finance mis-selling scandal could exceed its previous provisions, amid ongoing regulatory scrutiny and the evolving compensation scheme. While the lender had already set aside around £1.2bn to cover expected payments, it warned that an additional provision is…
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Understanding the Decrease in Greek Banks’ Financing Costs
Introduction In recent months, the average weighted financing cost for Greek banks has significantly decreased, settling at about 1%. This development marks a crucial shift for the financial landscape in Greece, creating favorable conditions for enhanced profitability among banks post-June. In this article, we will explore the factors behind this decline and its potential implications…
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Lower Funding Costs for Greek Banks Boost Profitability
Introduction to Greek Banks’ Funding Costs The banking sector in Greece has seen a significant shift in its financial landscape, marked by a notable reduction in the average weighted funding cost. Currently standing at approximately 1%, this decrease plays a crucial role in shaping the future profitability of Greek banks. This article explores the implications…