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  1. Deposits grow by 1.3 bln in August, highest inflow in 2016

    EconomyMacroeconomy

    on Eurosystem funding fell further by 4.39 billion to 78.46 billion at the end of August. The monthly movement reflects a decline in the Emergency Liquidity Assistance (ELA) and ECB funding by 2.55 and 1.83 billion respectively. Overall, Central Bank funding has dropped by 17.26 billion over the last three

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  2. Deposits edge down to 123.5 bln in September on outflows of 379 mln

    EconomyMacroeconomy

    to the end-2015 figure. BoG earlier data also showed that Greek banks’ Eurosystem funding dropped by 3.15... funding by 1.82 billion to 27.75 billion coupled with a decline in Emergency Liquidity Assistance (ELA) funding by 1.33 billion to 46.56 billion. Over the past four months, after the completion

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  3. Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
    Photo by MacroPolis

    EconomyBanking

    million. The NII increase mostly reflects lower funding cost due to reduced reliance on Emergency Liquidity Assistance (ELA) funding and repo cost at negative rate, which more than offset the negative... single-digit NII growth going forward, on the back of lower deposit cost, positive impact on funding

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  4. Moody’s changes outlook for Greek banks from negative to stable

    EconomyBanking

    on the back of improving profitability and funding, which are expected to normalise from a very weak..., largely due to significantly lower impairment losses, reduced funding costs and contained operating... their reliance on the Emergency Liquidity Assistance (ELA) funding, Greek banks are expected to continue

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  5. Deposits rise to 124.6 bln in Oct on inflows of 1 bln

    EconomyMacroeconomy

    weeks ago that Greek banks’ Eurosystem funding fell by another 3.53 billion euros to 71.78 billion at the end of October. The monthly movement reflects a reduction in ECB funding by 2.24 billion to 25.51 billion and a decline in the Emergency Liquidity Assistance (ELA) funding by 1.29 billion

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  6. Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    banks’ Eurosystem funding declined by another 1.87 billion in December and landed at 66.62 billion, its... Assistance (ELA) funding by 1.37 billion, while ECB funding posted a smaller drop by 500 million. Overall, Eurosystem funding has declined by 60 billion euros since the July 2015 attributed

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  7. Review talks focus on out-of-court workout, jobs scheme and energy market
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of that programme relates to its funding, which was not discussed at Thursday’s meeting. Government sources noted after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros... with the World Bank regarding the funding and technical expertise needed for this programme

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  8. NBG records net profits of 73 mln in Q4, turns profitable for whole year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    by 80 percent from last year. Balance Sheet Eurosystem funding dropped by just 300 million euros QoQ... in December. Central bank funding fell to 10.4 billion in March, with the current level of ELA funding at 5.8 billion remaining the lowest among NBG’s Greek peers. In addition, interbank repos stood

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  9. NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
    Photo by MacroPolis

    EconomyBanking

    developments. Balance Sheet Eurosystem funding fell by 1.9 billion QoQ to 10.2 billion in March, increasing... (ELA) funding stayed stable QoQ at 5.6 billion and rose slightly to 5.7 billion in May. This is the lowest among Greece’s core banks. NBG expects to disengage completely from ELA funding in the next

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  10. SYRIZA holds fire as Eurogroup expectations continue to be lowered
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    if the International Monetary Fund (IMF) does not join the Greek programme with funding but did not suggest... commit funding to the Greek programme once the debt relief measures are settled. This indicates... the table on June 15 satisfied enough to join the programme once more with funding. The report also

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