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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingis attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread... at 95 percent, both remaining the best among its domestic peers. Eurosystem Eurosystem funding.... The latter is made up by ECB funding of 9.8 billion (primarily EFSF bonds) and ELA funding of 15.6 billion
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Greece makes new proposals in search for deal acceptable to lenders and MPs
PoliticsGreek Politicsand the International Monetary Fund creating a major funding hump of around 24 billion euros over the next... reduce the funding needs in the mid-term and help Greece regain market access through eligibility... funding (similar to the buyback exercise involving privately held debt at the end of 2012) to buy back
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Referendum call finds Greek banks teetering on the edge
Economywith ECB decision to lift the waiver on Greek government securities (previously used for ECB funding... Assistance (ELA) funding from zero in December to 77.58 billion at the end of May. Taking into account ECB funding of 38.8 billion, in the form of EFSF bonds that Greek banks received during
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Total health spending down to 8.65 pct of GDP as public healthcare sees big drop
Societyfunding as a percentage of GDP was higher in 2010 than previously recorded (9.84 percent as compared..., a decrease of almost 32 percent. In that same period, the decrease in the share of public funding for health expenditure (-37.75 percent) was significantly higher than the fall in private funding
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Greek QE eligibility? We're not there yet
Agorafunding. Draghi confirmed that the ECB insisted during the last Eurogroup on August 14 that any bail... to reinstating the waiver for ECB funding. Such a development would require Greece to be in a financial... currently use for Emergency Liquidity Assistance (ELA) funding. The collateral types that would
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomythis period. Meanwhile, Greek banks’ Eurosystem funding declined for the sixth straight month by 5.89... Liquidity Assistance (ELA) funding by 8.57 billion partly offset by a rise in ECB funding by 2.68 billion in December. The aggregate figures since July show that Eurosystem funding has been trimmed
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingreflects lower funding cost with the Greek deposit spread improving by 17 basis points (bps) QoQ... funding fell by more than 6 billion QoQ to 25.3 billion at the end of December and further to 24.3 billion at the end of February. In particular, the Emergency Liquidity Assistance (ELA) funding slipped
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Newsletter 65 - 04/03/2016
than the flash estimate of 1.9 percent. Eurosystem funding eases Greek banks’ Eurosystem funding eased... reflects a decline in ECB funding by 1.35 billion euros. Emergency liquidity assistance (ELA) funding... their ELA funding reliance by 17.93 billion. January’s overall figure is the lowest for the last 12
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomy’ reliance on Eurosystem funding fell by 1.86 billion euros to 104.23 billion in February. The monthly change reflects a fall in the Emergency Liquidity Assistance (ELA) funding by 0.85 billion to almost 68 billion, while ECB funding eased by 1 billion to 36.34 billion. Since July, central bank funding
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Marginal deposit inflows of 55 mln in March
EconomyMacroeconomygovernment (2.28 billion). Meanwhile, Greek banks’ reliance on Eurosystem funding fell by 2.78 billion... Assistance (ELA) funding by 1.79 billion to 66.19 billion and a slower drop in ECB funding by almost 1 billion to 35.25 billion. Since July, Central Bank funding has dropped by 25.13 billion euros, primarily
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