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  1. Deposits edged up in Nov but credit contraction was close to 4 pct

    EconomyMacroeconomy

    and the Bank of Greece Emergency Liquidity Assistance (ELA)), shows a significant reduction of 51.10 billion

    4%
  2. Politics trumping economic prudence in Greece

    Agora

    billion euros of liabilities from Emergency Liquidity Assistance (ELA). The Piraeus Bank-MIG

    4%
  3. Eurobank records net loss of 207.4 mln in Q1

    EconomyBanking

    billion since then to 12.5 billion in May from 17 billion at the end of 2013. ELA funding, which

    4%
  4. National Bank starts 2014 posting net profit of 181 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    of 2013. It is noteworthy that ELA funding is zero since Q3 2013. Following the capital increase

    4%
  5. Alpha Bank posts loss of 94.1 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    end of the market. Like Eurobank and National, Alpha eliminated its ELA funding in May, while

    4%
  6. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    banks, Piraeus eliminated ELA funding in May so its Central Bank funding currently comprises entirely

    4%
  7. How Greek banks moved into a new era
    Photo by MacroPolis

    Agora

    exposure in Emergency Liquidity Assistance (ELA) funding. More specifically, their current ECB funding

    4%
  8. General gov't primary cash surplus to April at 1.69 bln

    EconomyMacroeconomy

    to the Emergency Liquidity Assistance (ELA) to 3.1 billion euros at the end of April from 9.8 billion

    4%
  9. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    that Alpha and the other three systemic banks have eliminated ELA funding since May. The bank’s Basel III

    4%
  10. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    with zero ELA reliance. Excluding EFSF bonds (related to last year’s capital increase), net ECB exposure

    4%