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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomyreflects a decline in the Emergency Liquidity Assistance (ELA) funding for the third successive... bonds and T-Bills, previously used as collateral for ELA, to ECB funding in the wake... at the end of June 2015. The bulk of that drop stemmed from ELA funding, down by 35.32 billion
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomywas entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 1.50 billion euros... funding has increased. In recent months, ELA funding has been steadily falling, with the latest... by 34.84 billion euros. This stems largely from ELA funding falling by 28.82 billion, along with ECB
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomya similar decline in both the Emergency Liquidity Assistance (ELA) and the ECB funding by 269 and 266 million euros respectively. Specifically, ELA funding was reduced for the second successive month...) related to lower ELA funding. Overall, Greek banks’ Eurosystem funding has been reduced by 67.43
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomyAssistance (ELA) funding by 775 million in March after a brief rise of 334 million in the previous... caused by the delay in the conclusion of the second programme review. ELA funding edged down to 42.37... on ELA funding. The sharp drop over the last 21 months largely reflects the reinstatement of the waiver
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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomy. However, the Emergency Liquidity Assistance (ELA) funding increased by 330 million in February.... ELA funding stood at 43.15 billion euros in February up from 42.81 billion in January, which... to lower dependence on ELA funding. This largely resulted from the reinstatement of the waiver on Greek
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyattributed to a jump in the Emergency Liquidity Assistance (ELA) funding by 9.19 billion to 86.77... in the ELA funding in June is similar to the increase in the ELA limit as approved by the ECB... Parliament of all required commitments. The sharp rise in the ELA funding to more than 91 billion
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economya wide range of securities for ELA funding purposes. These mainly involve bank bonds issued with state...The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA
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Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomy, the decline was driven largely by a fall in Emergency Liquidity Assistance (ELA) funding by 2.37... Bank (ECB) funding to 11.24 billion euros. In recent months, ELA funding has been steadily falling..., Eurosystem funding declined by 35.58 billion euros. This stems largely from ELA funding falling by 28.09
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomyin November is mostly due to a decrease in the Emergency Liquidity Assistance (ELA) funding by 5.3... increases, with the cash proceeds replacing the use of ELA funding. The ECB decided on December 3 to cut... expensive ECB funding using their ESM bonds as collateral. The nominal interest of ELA funding stands
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ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyin September was split between a drop in the Emergency Liquidity Assistance (ELA) funding by 1.58 billion and a decrease in ECB funding by 1.09 billion. The change in ELA funding was expected after... reduced in October. The actual ELA funding withdrawn by Greek banks landed at 82.37 billion
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