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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBanking, with zero Emergency Liquidity Assistance (ELA) exposure since late November 2017, assisted by capital... ) funding. NBG remains the only core Greek bank that is off ELA while retaining a liquidity buffer...-binding bids must be received by December 10, and binding bids by the end of February. The bank hopes
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European Commission's travel guidance brings some optimism for Greek tourism sector
PoliticsGreek Politics. The move allows for bilateral agreements, such as those emerging between Austria and neighbouring... states. Bilateral travel agreements are one of the main planks of Greece’s post-pandemic tourism strategy... and protective measures. While the guidance issued was non-binding, it sets the baseline for member-states
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Greece and Turkey go into new round of exploratory talks with trust at a premium
PoliticsForeign PolicyAfter months of bilateral tension over maritime borders and gas exploration rights, Turkish... opposition But this determination of Prime Minister Mitsotakis to resort to The Hague if bilateral..., and these talks are not binding for either side. He also said that there are no common records of these meetings
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policy, to negotiate with Turkey the only bilateral difference [between the two countries], always according... historic ties with Greece and improving bilateral relations. Referring to the trilateral meetings... no right to sign any binding agreement. According to Kathimerini’s story on Sunday, Mitsotakis
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2014 is not 2012
Agorafor different reasons and their banks resorted to the Emergency Liquidity Assistance, the famous ELA. Banks turn to ELA when they don't meet the criteria of the standard financing operations of the ECB. ELA is provided by the national central bank and is regularly reviewed and thresholds approved
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAssistance (ELA) funding by 5.86 billion to 74.37 billion. This is the highest reading since December 2012. The rise in the ELA funding in April is similar to the increase of 5.6 billion in the ELA cap set by the ECB for that period. Since the beginning of April, the ECB has been assessing the ELA limit
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Newsletter 30 - 12/06/2015
Outflows test Greek banks ELA limit sees its highest weekly increase since mid-February... the emergency liquidity assistance (ELA) limit for Greek banks by 2.3 billion to 83 billion, the highest weekly... participants raised doubts about the central bank’s approach on Greek ELA availability ahead of its
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Eurosystem funding falls by 3.58 bln in September
EconomyMacroeconomymostly by a fall in Emergency Liquidity Assistance (ELA) funding by 2.37 billion euros. European Central Bank (ECB) funding fell by 1.21 billion to 13.23 billion euros. ELA funding has fallen every... review. The reduction in ELA funding in September had largely been anticipated, as the ECB has been
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Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
EconomyMacroeconomymovement was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros... billion euros. ELA funding has fallen every month this year except for February, when a marginal rise... as confidence in the conclusion of the programme grew. A fall in ELA funding had been anticipated
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Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
EconomyMacroeconomyAssistance (ELA) funding to around 290.8 million. At the same time, European Central Bank (ECB) funding... in January, the BoG had announced that it would discontinue the publication of its regular ELA-ceiling bulletin as the threshold had now fallen under 2 billion euros. The total elimination of ELA funding
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