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BoG looks at other programme exits and options available to Athens
EconomyProgrammeand ensure that Greece has a fall back solution in the event of market volatility. This type of credit... that will cover the country’s funding needs for 12 months after this August. The central bank dedicates... billion. According to the Commission, 17 billion euros is enough to cover funding needs until
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammeexpect. “In the first place, Greece will fall under the surveillance frameworks related... with 48 billion euros, whereas its funding needs until the end of 2020 are between 44 and 45 billion... for funding and policy guidance has to come to an end after eight years under a programme. “Greece cannot
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Deposits stay positive with 870.1 mln inflow in April
EconomyMacroeconomystatement showed that Eurosystem funding fell by 3.26 billion euros in April. The fall across the month brought central bank funding to 21.59 billion euros for the month, down from the total of 24.84
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingthe previous quarter’s decline of 700 million. The current quarter’s fall reflects write-offs of 700.... Eurosystem funding Eurosystem funding stands at just 2.8 billion, with zero Emergency Liquidity
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammelow and the interventions that are due to be announced look set to fall below the bar set... funding is made available, it is expected that the final disbursement made by the ESM will be around 12... of measures that may keep Greece’s servicing costs (and funding needs) low for the coming years
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Coalition sees key targets met in debt deal but opposition has holes to pick
PoliticsGreek Politicsthis message as it did not fall below the expectations the government had cultivated. It remains... Eurogroup in Luxembourg, an agreement that ensures Greece’s medium-term funding needs will be kept... of 24.1 billion euros that will cover its funding needs for almost two years. Once the debt buy-back
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Deposits positive for fourth month as May sees inflows of 919.4 mln
EconomyMacroeconomythat Eurosystem funding fell by 716 million euros in May. The fall across the month brought central bank funding to 20.87 billion euros for the month, edging down from April’s total of 21.59 billion.
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Deposits inflows in June reach 1.36 bln for fifth month of positive readings
EconomyMacroeconomyfunding fell by 4.56 billion euros in June. The fall across the month brought central bank funding
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankinga fourth consecutive fall. In small business loans, NPE formation stood at -23 million and showed... compared to 1.88 in the previous quarter. Balance Sheet Eurosystem funding declined by 1.9 billion euros.... Emergency Liquidity Assistance (ELA) funding in particular fell to 2 billion in September from 3.8
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Newsletter 406 - 15/12/2023
the Mitsotakis administration’s second term but it also means that the spotlight is more likely to fall... buffer is ESM funding that is only for specific purposes under certain conditions. One option being explored is to use the cheap ESM funding for the repayment of a good chunk of the GLF loans
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