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  1. Greek banks' reliance on Eurosystem funding rose in December for first time since April

    EconomyMacroeconomy

    Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose... - for the first time since April 2013 - reflects a marginal increase in ELA funding by 0.37 billion... the end of 2012 and 46 percent (62.6 billion) since its peak in June 2012. The ELA mechanism was launched

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  2. Eurosystem funding for Greek banks eases by 2.18 bln in January

    EconomyMacroeconomy

    from the European Central Bank (ECB) and the BoG Emergency Liquidity Assistance (ELA) mechanism stood... the increase of 2.55 billion recorded in December. In contrast, the ELA funding marginally rose... the ELA mechanism in August 2011 as a lender of last resort to facilitate Greek banks’ access

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  3. Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln

    EconomyMacroeconomy

    Assistance (ELA) funding by 2.87 billion to 68.51 billion. This was the highest reading since December 2012. The monthly increase in the ELA funding most likely reflects an equal amount of deposit... that Greek banks can still place with the ECB for liquidity purposes. The jump of ELA funding above

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  4. Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

    EconomyMacroeconomy

    Bank funding is attributed to a decline in both the ECB and the Emergency Liquidity Assistance (ELA..., when the third eurozone bailout programme was agreed. Meanwhile, ELA funding edged down to 45.04... securities and lower haircut applied on ELA collateral coupled with participation of Greek banks

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  5. Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    2015. The monthly movement was driven by an increase in Emergency Liquidity Assistance (ELA) funding... in European Central Bank (ECB) funding to 12.06 billion euros. December’s rise in ELA funding... as confidence in the conclusion of the programme grew. In recent months, ELA funding has been steadily

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  6. Banks try to build on growing confidence

    EconomyBanking

    on central bank funding and emergency liquidity assistance (ELA) is also declining steadily, which... on July 26 that the ECB had lowered the ELA ceiling for Greek banks to 8.4 billion. In its latest..., which fell by 2.32 billion to 8.99 billion euros, and Emergency Liquidity Assistance (ELA) funding which

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  7. Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    figure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding to 2.71... million euros seen in October, which was the first rise since December 2017. In recent months, ELA... announced that the ELA ceiling for Greek banks would be reduced further by around 100 million euros

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  8. Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month

    EconomyMacroeconomy

    by a drop of 1.76 billion in Emergency Liquidity Assistance (ELA) funding to around 947.5 million... to 10.12 billion. In recent months, ELA funding has been steadily falling. In January this year, BoG announced that it would discontinue the publication of its regular ELA-ceiling bulletin as the threshold

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  9. Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
    Photo by MacroPolis

    EconomyMacroeconomy

    (ECB) funding, bringing the total to 8.61 billion euros, while Emergency Liquidity Assistance (ELA... of its regular ELA-ceiling bulletin as the amount had fallen below 2 billion euros. In March, it was also revealed that Greece’s four systemic banks had fully eliminated ELA funding from

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  10. ELA Funding, Balance, EUR billion
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    Charts

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