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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April... Assistance (ELA) funding by 5.86 billion to 74.37 billion. This is the highest reading since December 2012. The rise in the ELA funding in April is similar to the increase of 5.6 billion in the ELA cap set
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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace... euros and indicates the highest reading since December 2012. In addition, the Central Bank funding... billion eurps almost entirely stems from a rise in the Emergency Liquidity Assistance (ELA) funding
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Newsletter 24 - 24/04/2015
State agency cash hauled in Funding should cover needs until May Earlier this week a legislative... these holdings. Thus, the international investor take up has to be rolled over by Greek investors... and their subsidiaries are bound by the ECB to increase their T-Bill holdings. Expressing its deep opposition
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Funding needs take centre stage in row between New Democracy and SYRIZA
Economyelections is the issue of Greece’s funding needs by the end of March and the way they would be covered by the new government. According to Kathimerini daily, the breakdown of funding needs of 4.6... profits. This would mean that Q1 funding needs could be more than covered by these combined tranches
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by 10.17 billion euros in June after increasing by 3.56... for the ninth straight month. In absolute figures, Eurosystem funding reached 126.57 billion at the end... attributed to a jump in the Emergency Liquidity Assistance (ELA) funding by 9.19 billion to 86.77
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturescharges were not financially viable. Binding bids for the concession are due to be submitted by the end... to receive binding offers for HELPE before the end of the year. In July, the deal to transfer 49 percent... and SENFLUGA Energy Infrastructure Holdings SA for the agreement of the sale of a 66 percent stake
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HRADF's updated asset development plan sets out next batch of privatisations
EconomyProgramme(general mining and metallurgical company) as well as the state’s minority holdings in OTE (1 percent... closing of the transaction. Furthermore, the deadline for the submission of binding offers... call for hiring of advisors is also due for the sale of HRADF holdings in Hellenic Petroleum (35
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgrammeOvercoming a lack of liquidity and covering its funding needs until June are fast dominating... requested from Greek lenders that they retain their total T-Bill holdings at February 18 levels. This means banks can only roll over their holdings and cannot purchase any incremental amount. For April
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingnet loans. Balance Sheet Eurosystem funding fell by around 2.3 billion QoQ and came to 9.7 billion euros at the end of Q4. Across the year, funding fell by 11.2 billion. Emergency Liquidity Assistance (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion
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Reflections on Greece's balance of payments
Agorain 2009 when the funding stopped with the onset of the Great Recession. Then, between 2009 and 2014... of the euro area partner countries, the ECB, and the IMF helped Greece with unprecedented funding... percentage points of GDP (mostly in government). As the funding for very large current account deficits
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