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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economybillion euros, matching the Eurosystem’s SMP and ANFA holdings of Greek debt, which are also... that often exceed 6 percent. Next year’s Eurosystem holdings amount to 5.8 billion euros and carry
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January current account deficit at 1.18 bln as underlying components deteriorate
EconomyMacroeconomyin residents’ external assets, which reflects mainly a decrease of 1 billion in residents’ holdings...-euro rise in non-residents' holdings of Greek government bonds and T-bills. Reserve assets fell month
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IMF consultation report pinpoints health of Greek banks as central to growth
EconomyBanking, holdings dividends and recoveries or liquidations, the public debt has been burdened by 45 billion... of the state’s holdings to the banks has been reduced to under 5 billion, leading to a potential
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How Greek banks can balance on the collateral tightrope
Agora’ deposits helps the government covering mainly its external funding needs, yet it has a direct negative... (ELA) funding. Based on the latest official BoG figures, Greek banks used ELA funding of 74.4 billion euros by the end of April. At the same time, their ECB funding, almost entirely made up by EFSF
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingto higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million...-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding... funding increased to 23.6 billion in Q1 from 14.8 billion in Q4. The year to date movement reflects
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Greek pensions: The unsolvable equation
Agoratook a major hit not only as a result of people dropping out the labour force en masse but also due... of funding pensions and benefits has been one of the key factors that contributed... of 2009, barely two months after it took office. In 2008 the funding needs of Greece’s pension funds
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingdeposit cost was almost offset by the higher funding cost primarily attributed to the increased reliance on the Emergency Liquidity Assistance (ELA) funding. In addition, due to the continued loan... of December. Eurosystem funding decreased by 2.7 billion euros QoQ to 24.4 billion at the end
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorapercent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from reduced Emergency Liquidity Assistance (ELA) funding and improving deposit spread and mix. However, NII... rise in ELA funding, from zero in the second half of 2014 to a peak of 86.8 billion in June 2015
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Newsletter 111 - 17/03/2017
in the previous three quarters. Eurosystem funding falls for 20th month in a row ELA funding increased by 330 million in February Greek banks’ Eurosystem funding fell for the 20th successive month, albeit... balance in central bank funding hit 61.88 billion, the lowest reading since late 2014. However
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Newsletter 123 - 16/06/2017
clearly that no funding would be released until there is more clarity on the debt measures. Lagarde... not attained by the Greek side. Tax debt rises again in April Eurosystem funding to Greek banks falls... and stood at 3.94 million at the end of April. Greek banks’ Eurosystem funding dropped for the 23rd
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