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Economy
ECB set to provide extra liquidity to Greek banks but capital needs remain an issue In its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans.
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Economy
Greece changes banks' DTA conversion law to secure ECB/EBA approval Τhe Finance Ministry (MoF) tabled on Wednesday night an amendment to the legal framework which allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant request by the European Banking Authority (EBA).
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EconomyMacroeconomy
Greek banks see Eurosystem funding drop to lowest level since 2009 in September Greek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57 billion according to the Bank of Greece's (BoG) monthly financial statement.
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Economy
ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks The European Central Bank (ECB) President Mario Draghi confirmed in a press conference on Thursday that assset-backed Securities (ABSs) and covered bonds from Greece and Cyprus, which until now have not been eligible as collateral with the Frankfurt-based lender, will now be "subject to specific rules with risk-mitigating measures.”
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Economy
A snapshot of Greek banks' ABS as ECB readies for next move The European Central Bank (ECB) announced on September 4 that it will proceed with a large-scale purchase of asset-backed securities (ABS) as well as euro-denominated covered bonds issued by eurozone banks starting from October.
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EconomyMacroeconomy
Greek banks' Eurosystem funding declines by another 53 mln in August Greek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace of decline in 2014, according to the Bank of Greece's (BoG) monthly financial statement.
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EconomyMacroeconomy
Greek banks' Eurosystem funding sees reduced drop of 334 mln in July Following a sharp drop by 13.88 billion euros in the preceding two months, Greek banks’ Eurosystem funding eased by just 334 million in July, according to the Bank of Greece's (BoG) monthly financial statement.
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Economy
Stress mounts ahead of ECB's tests on Greek banks A report over the weekend suggests that the Greek government has expressed concerns to its eurozone partners and the European Central Bank about the imminent stress tests on local banks.
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EconomyMacroeconomy
Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010 Greek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement.
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EconomyMacroeconomy
Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out Greek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement.