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  1. Greek banks on cusp of improved liquidity conditions

    Agora

    as collateral for ELA funding, would be switched to ECB funding. Based on the currently applied haircut... of that arising by switching from ELA to ECB funding. TLTRO-II The second positive development that is expected... Liquidity Assistance (ELA). It is worth noting that according to a previous ECB decision, pillar II bonds

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  2. Newsletter 211 -21/06/2019

    Newsletters

    their dependency on emergency financing from the central bank (ELA), a sign of normalisation in funding... industrial groupings. Eurosystem funding drops by 399 mln in May Figure for ELA collateral falls to zero... in Emergency Liquidity Assistance (ELA). Compared to May 2018, Eurosystem funding declined by a total

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  3. ECB refuses Greek government bonds as collateral: What does it mean?
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    Economy

    Assistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding... still be used for ECB funding. In addition, Greek banks can resort to the ELA mechanism for funding... previously non-ECB eligible. However, their funding cost through the ELA will be higher at 1.55 percent

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  4. Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
    Photo by MacroPolis

    EconomyBanking

    Emergency Liquidity Assistance (ELA) reliance and the calendar effect. Funding costs were down by 25 million.... Specifically, Emergency Liquidity Assistance (ELA) funding was reduced from 4.8 billion in Q1 to 2.5... in the year to date, ELA funding by 5.9 billion, while deposits had increased by 3.2 billion, repos

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  5. Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
    Photo by MacroPolis

    EconomyBanking

    from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use... billion at the end of Q2 2019, down by 14.8 billion YoY. The bank fully eliminated ELA funding... funding by 700 million euros. Management said that the bank shifted away from ELA funding thanks to NPE

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  6. Macedonia name issue: Agreement and disagreement
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    . The two neighbouring states eventually formalised their bilateral relations in an Interim Accord in September 1995. They continued negotiating on finding a 'compound' name with a geographical qualifier...-binding referendum. However, the 37 percent turnout was lower than the 50 percent threshold

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  7. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    in Q2 with around 60 percent made up by ELA funding. The improving liquidity conditions... at the end of March with two-thirds related to Emergency Liquidity Assistance (ELA) funding. The bank said... banks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering

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  8. Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
    Photo by MacroPolis

    EconomyMacroeconomy

    -November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4... bonds. On Wednesday, ECB decided to keep the ELA limit for Greek banks unchanged at 80.2 billion. On the end-April ELA used amount of 74.37 billion, the new ELA limit corresponds to a rise by 5.83

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  9. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    to Emergency Liquidity Assistance (ELA) funding exceeding 74 billion at the end of April. Greek banks also... and June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9... indicated they had an ELA cash liquidity buffer of 38 billion euros, with NBG and Piraeus at 12 billion

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  10. Newsletter 79 - 24/06/2016

    Newsletters

    Assistance (ELA) for ECB funding. Greek banks hold a total of 9.3 billion of ECB-eligible assets, which are currently paced with the BoG for ELA funding at a cost that is 150 basis points above... morning that the ECB lowered the ELA ceiling for Greek banks by 3.1 billion through to June 29

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