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Deposits turn negative in Jan with outflows of 1.40 bln
EconomyMacroeconomy’s most recent monthly financial statement showed that Eurosystem funding rose by 786 million euros in December. This caused central bank funding to rise to 33.67 billion euros, and represented the first increase in total Eurosystem funding since June 2015.
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingmillion, beating the expectations of industry analysts. This was mainly due to lower Eurosystem funding... pressure on spreads. Balance Sheet Eurosystem funding declined by 1.1 billion euros QoQ to 10 billion... inflows and higher interbank repo. Emergency Liquidity Assistance (ELA) funding in particular fell to 5.3
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesis to leverage around 500 million euros in funding to support business growth. By providing loans... (EU) along with funding from the European Investment Bank (EIB) through the European Fund... develop businesses in Greece and encourage their growth. It outlines several stages at which funding
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingat 1.96 Balance Sheet Eurosystem funding declined by 2.9 billion euros QoQ to 7.1 billion in March... (ELA) funding in particular fell to 3.9 billion in March from 7.9 billion in December as a result... deposits and lower Eurosystem funding reliance, commenting that the uptick in business lending seen
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What the ECB did next - a tale from another crisis
Agorathe ECB could have addressed Greece’s funding needs outside the Troika support mechanism? Theoretically... shutting down funding avenues for the Greek government by first dis-allowing state bonds from being... funding. But, what else could they, or should they have done? Allowing back door financing would defeat
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Deposit inflows reach 1.30 bln in August on increased sight deposits
EconomyMacroeconomythat Eurosystem funding fell by 382.1 million euros in August. August’s movement brings the total for central bank funding to 12.63 billion euros compared to July’s sum of 13.02 billion euros. Since the start of the year, Eurosystem funding has declined by around 21.04 billion.
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Deposit inflows come to 102 mln in September, slowing from recent months
EconomyMacroeconomyto 147.47 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding... for central bank funding to 12.23 billion euros compared to August’s sum of 12.63 billion euros. Since the start of the year, Eurosystem funding has declined by around 21.44 billion.
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October deposit inflows turn negative by 345.5 mln for first time since January
EconomyMacroeconomyto 147.98 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding... for central bank funding comes to 13.20 billion euros compared to September’s sum of 12.23 billion euros. Since the start of the year, Eurosystem funding has declined by around 20.47 billion.
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingwill gradually have a positive result on the cost of risk for Piraeus Bank. Balance Sheet Eurosystem funding... billion in June. The bank notes that the drop came from shifting interbank repo funding with funding from the ECB’s main refinancing operations at zero cost, utilising its 4 billion euro ECB eligible
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December deposit inflows hit six-year high of 3.15 bln
EconomyMacroeconomy’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million euros month-on-month in November. As of November’s data, the total for central bank funding comes to 12.23..., Eurosystem funding has declined by around 21.45 billion. The BoG also announced on January 24, 2019
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