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  1. Moody’s changes outlook for Greek banks from negative to stable

    EconomyBanking

    on the back of improving profitability and funding, which are expected to normalise from a very weak..., largely due to significantly lower impairment losses, reduced funding costs and contained operating... their reliance on the Emergency Liquidity Assistance (ELA) funding, Greek banks are expected to continue

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  2. Deposits rise to 124.6 bln in Oct on inflows of 1 bln

    EconomyMacroeconomy

    weeks ago that Greek banks’ Eurosystem funding fell by another 3.53 billion euros to 71.78 billion at the end of October. The monthly movement reflects a reduction in ECB funding by 2.24 billion to 25.51 billion and a decline in the Emergency Liquidity Assistance (ELA) funding by 1.29 billion

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  3. Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    banks’ Eurosystem funding declined by another 1.87 billion in December and landed at 66.62 billion, its... Assistance (ELA) funding by 1.37 billion, while ECB funding posted a smaller drop by 500 million. Overall, Eurosystem funding has declined by 60 billion euros since the July 2015 attributed

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  4. Review talks focus on out-of-court workout, jobs scheme and energy market
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of that programme relates to its funding, which was not discussed at Thursday’s meeting. Government sources noted after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros... with the World Bank regarding the funding and technical expertise needed for this programme

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  5. NBG records net profits of 73 mln in Q4, turns profitable for whole year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    by 80 percent from last year. Balance Sheet Eurosystem funding dropped by just 300 million euros QoQ... in December. Central bank funding fell to 10.4 billion in March, with the current level of ELA funding at 5.8 billion remaining the lowest among NBG’s Greek peers. In addition, interbank repos stood

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  6. NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
    Photo by MacroPolis

    EconomyBanking

    developments. Balance Sheet Eurosystem funding fell by 1.9 billion QoQ to 10.2 billion in March, increasing... (ELA) funding stayed stable QoQ at 5.6 billion and rose slightly to 5.7 billion in May. This is the lowest among Greece’s core banks. NBG expects to disengage completely from ELA funding in the next

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  7. SYRIZA holds fire as Eurogroup expectations continue to be lowered
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    if the International Monetary Fund (IMF) does not join the Greek programme with funding but did not suggest... commit funding to the Greek programme once the debt relief measures are settled. This indicates... the table on June 15 satisfied enough to join the programme once more with funding. The report also

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  8. Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
    Photo via Fosphotos

    PoliticsGreek Politics

    on debt relief measures in order to immediately join the Greek programme with new funding. Greece’s... “following the review of the national cohesion policy funding envelopes for the period from 2017–2020... of a 14-month Stand-by Agreement but stated clearly that no funding would be released until

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  9. China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    received extensive state-to-state funding from a variety of state-owned Chinese banks. The third... a network along the Balkan Silk Road. Equity funding is slowly gaining ground, notably in Greece and Serbia... in the region to diversify their funding capacity beyond Europe. A banking footprint is gradually being

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  10. NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
    Photo by MacroPolis

    EconomyBanking

    other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion... (ELA) funding from 3.8 billion in June to 2.3 billion in September. At 1 billion euros in October, NBG has the lowest ELA funding levels among the core Greek banks. Outstanding interbank funding stands

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