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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomy, Greek banks’ dependence on Eurosystem funding further dropped by 4.3 billion in July reflecting a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.93 billion, while ECB funding also
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Newsletter 92 - 14/10/2016
, respectively. Eurosystem funding fell for the 15th straight month in September, dropping by 3.15 billion... assistance (ELA) funding by 1.82 and 1.33 billion, respectively. Overall, the Greek banks’ reliance on central bank funding has been reduced by 32.2 billion since the beginning of the year, largely
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammeas funding of the guaranteed minimum income (GMI), where substantial progress has been achieved but which... to have different views on the GMI funding. The institutions reportedly proposed the reduction..., mainly due to GMI funding. The Greek side argued that the revenue outperformance in the first nine
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Alpha and NBG complete sales of hotels
EconomyBankingAssistance (ELA) funding. Based on the latest official data for August, NBG’s ELA funding stood at 5... to assets, NBG’s reliance on ELA funding is by far the lowest among its Greek peers. In its weekly
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Newsletter 95 - 11/11/2016
funding fell by 3.53 billion from the previous month to 71.78 billion at the end of October, which... and the emergency liquidity assistance (ELA) funding by 2.24 and 1.29 billion, respectively. Since June 2015, when the third bailout programme was agreed, Eurosystem funding has been reduced by around 55
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Second review to resume in Athens under severe time pressure
EconomyProgrammeMinistry, which identified labour reforms, the fiscal gap and the funding of the guaranteed minimal... funding, which is foreseen at 760 million. A negative development also emerged after the downward... collection will be in line with the target, the Fiscal Council stresses. On the GMI funding, a World Bank
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Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
EconomyMacroeconomyof November. BoG data published on December 13 displayed Greek banks’ Eurosystem funding dropped...) funding by 2.06 and 1.24 billion respectively. Greek banks’ reliance on Central Bank funding has declined
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ESM board to specify rules on short-term debt relief measures
EconomyProgrammeinclude the pricing and funding of those measures ensuring that the related costs will only burden... arrangements to stabilise the cost of funding for Greece and at the same time to reduce the risk... is the matched funding, meaning that the ESM will finance future disbursements to Greece with long-term
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBanking1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker.... Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly reflecting disposal of EFSF bonds and deposit inflows. As a result, ELA funding dropped to 13.2 billion
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingan improvement in deposit NII and lower funding costs. Lending spreads in Greece remained under... years. Balance Sheet Eurosystem funding increased by 1.8 billion QoQ to 15.7 billion in March...) funding rose by 300 million QoQ to 12.2 billion in March. It has since fallen by 600 million largely due
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