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Banking
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EconomyMacroeconomy
ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap The Bank of Greece (BoG) said on Thursday that the ECB Governing Council decided to reduce the Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion.
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EconomyMacroeconomy
Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps After remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis points (bps) to 1.06 percent in October, Bank of Greece (BoG) data showed on Wednesday.
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EconomyMacroeconomy
Deposit flow turns negative with outflows of 681 mln in Oct Greek private sector deposit flow turned negative, with outflows of 681 million euros in October after the upward revised inflows of 561 million recorded in September, Bank of Greece (BoG) data showed on Thursday.
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EconomyMacroeconomy
Rate of credit contraction edges up to 1.6 pct in Oct Greek bank credit contraction accelerated slightly to 1.6 percent in October from 1.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.
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EconomyProgramme
Greece gets tranche and looks ahead to next tasks, including pensions and NPLs The European Stability Mechanism (ESM) BoD approved on Monday afternoon the disbursement of the sub-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well as the financial sector measures.
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Economy
Greek banks complete book building: A recap of where we stand Piraeus Bank became the last of the four Greek systemic banks to announce on Saturday afternoon that it has successfully concluded the book building process for its non-preemptive international institutional offering.
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Economy
Greek banks' capital actions underway, state aid seen as low as 4.7 bln Following the submission of Greek banks’ capital actions to the Single Supervisory Mechanism (SSM) in the first week of November, the ECB body has approved a total amount of 654 million euros in capital mitigating actions, which reduces their capital shortfall accordingly.
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EconomyMacroeconomy
Eurosystem funding down by 2 bln in Oct for fourth straight fall Greek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday.
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EconomyProgramme
Progress in bailout talks but foreclosures and NPL management stand in way of agreement After lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans (NPLs).
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EconomyBanking
NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2.