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  1. Gov't adopts patchwork of measures to overcome liquidity problems

    EconomyProgramme

    Overcoming a lack of liquidity and covering its funding needs until June are fast dominating... Management Agency (PDMA) said funding needs (excluding T-Bill roll-overs) stand at 6.55 billion... may be utilised by the state to cover short-term funding needs primarily through purchases of T

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  2. Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
    Photo by MacroPolis

    EconomyBanking

    synergies 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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  3. Higher revenues set to ease coalition's liquidity concerns
    Photo by MacroPolis

    EconomyProgramme

    The 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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  4. What higher ECB haircuts on collateral could mean for Greek banks' liquidity
    Photo by MacroPolis

    Economy

    of 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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  5. National Bank posts losses of 159 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    is 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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  6. Greece makes new proposals in search for deal acceptable to lenders and MPs

    PoliticsGreek Politics

    and 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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  7. Referendum call finds Greek banks teetering on the edge
    Photo by MacroPolis

    Economy

    with ECB decision to lift the waiver on Greek government securities (previously used for ECB funding... Assistance (ELA) funding from zero in December to 77.58 billion at the end of May. Taking into account ECB funding of 38.8 billion, in the form of EFSF bonds that Greek banks received during

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  8. Greek QE eligibility? We're not there yet
    Photo by ECB via Flickr https://flic.kr/p/qqjzQG

    Agora

    funding. 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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  9. Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013

    EconomyMacroeconomy

    this 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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  10. Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
    Photo by MacroPolis

    EconomyBanking

    reflects lower funding cost with the Greek deposit spread improving by 17 basis points (bps) QoQ... funding fell by more than 6 billion QoQ to 25.3 billion at the end of December and further to 24.3 billion at the end of February. In particular, the Emergency Liquidity Assistance (ELA) funding slipped

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