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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy, while a recent PwC study showed it could peak to 40 percent in 2014. If confirmed, this would result... the recorded deposit inflows in December, Greek banks’ Eurosystem funding (the combined liquidity... funding purposes). Credit contraction At the same time, the year on year (yoy) credit contraction
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Greece’s M&A market stagnates during recession
EconomyFeaturesactivity, in Greece, a sharp decline has been recorded. A January 2016 survey by PWC showed that M&A... Europe differed to that of the PWC report, in that it cited 28 M&A’s in Greece for 2015 versus the 29 deals cited by PWC, and that the estimated transaction value improving by 33 percent in dollar
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Banks try to build on growing confidence
EconomyBankingon central bank funding and emergency liquidity assistance (ELA) is also declining steadily, which..., which fell by 2.32 billion to 8.99 billion euros, and Emergency Liquidity Assistance (ELA) funding which... that banks will reduce or eliminate ELA funding. Private deposits rose by around 6 percent on an annualised
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ELA Funding, Balance, EUR billion
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ELA Funding, Month on Month Change, EUR billion
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsof money and is also losing public support in the process could prove the greatest spur in bringing... and secure a disbursal of at least some of the 7.2 billion euros remaining in bailout funding
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Greek banks’ reliance on Eurosystem fell by 2.36 bln in October
Economystatement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion..., currently accounting for 89 percent of Eurosystem funding. The cost of ELA funding is circa..., while a further reduction in the ELA funding is targeted in the next months. According to latest
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Newsletter 19 - 13/03/2015
representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent... importantly, the funding mix has dramatically changed with emergency liquidity assistance (ELA) now making up... figures show ELA funding reached 65.6 billion, with ECB funding at 38.6 billion. The difference
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Newsletter 82 - 15/07/2016
to reinstate the waiver and reflects a drop in emergency liquidity assistance (ELA) funding by 10.44 billion.... The significant monthly movement stems from a drop in emergency liquidity assistance (ELA) funding... a fragile coalition of his own Socialist Party, Left Bloc, Communists and Greens. Costa, too, is finding
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorareduced 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... on ELA funding from just 40.5 million in 2014. This bears an interest cost of 150 basis points (bps
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