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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingsynergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... contraction. Eurosystem Eurosystem funding increased by 3 billion euros QoQ to 14.1 billion at the end.... Since the end of November, Eurosystem funding has jumped by 18.1 billion mainly reflecting deposit
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeThe Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two... million from the Manpower Employment Organisation (OAED). The second important funding obligation... that a part of the total amount of 867 million is still available to cover upcoming funding needs
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economyof an extraordinary meeting before the end of the month and any kind of funding disbursal without Greece... the haircut applied to the collateral used by Greek banks for Emergency Liquidity Assistance (ELA) funding... of Greece (BoG), Greek banks’ cash ELA funding reached 68.51 billion euros at the end of March
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingis attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread... at 95 percent, both remaining the best among its domestic peers. Eurosystem Eurosystem funding.... The latter is made up by ECB funding of 9.8 billion (primarily EFSF bonds) and ELA funding of 15.6 billion
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Greece makes new proposals in search for deal acceptable to lenders and MPs
PoliticsGreek Politicsand the International Monetary Fund creating a major funding hump of around 24 billion euros over the next... reduce the funding needs in the mid-term and help Greece regain market access through eligibility... funding (similar to the buyback exercise involving privately held debt at the end of 2012) to buy back
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Total health spending down to 8.65 pct of GDP as public healthcare sees big drop
Societyfunding as a percentage of GDP was higher in 2010 than previously recorded (9.84 percent as compared..., a decrease of almost 32 percent. In that same period, the decrease in the share of public funding for health expenditure (-37.75 percent) was significantly higher than the fall in private funding
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Greek QE eligibility? We're not there yet
Agorafunding. Draghi confirmed that the ECB insisted during the last Eurogroup on August 14 that any bail... to reinstating the waiver for ECB funding. Such a development would require Greece to be in a financial... currently use for Emergency Liquidity Assistance (ELA) funding. The collateral types that would
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomythis period. Meanwhile, Greek banks’ Eurosystem funding declined for the sixth straight month by 5.89... Liquidity Assistance (ELA) funding by 8.57 billion partly offset by a rise in ECB funding by 2.68 billion in December. The aggregate figures since July show that Eurosystem funding has been trimmed
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Newsletter 65 - 04/03/2016
than the flash estimate of 1.9 percent. Eurosystem funding eases Greek banks’ Eurosystem funding eased... reflects a decline in ECB funding by 1.35 billion euros. Emergency liquidity assistance (ELA) funding... their ELA funding reliance by 17.93 billion. January’s overall figure is the lowest for the last 12
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomy’ reliance on Eurosystem funding fell by 1.86 billion euros to 104.23 billion in February. The monthly change reflects a fall in the Emergency Liquidity Assistance (ELA) funding by 0.85 billion to almost 68 billion, while ECB funding eased by 1 billion to 36.34 billion. Since July, central bank funding
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