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Newsletter 36 - 24/07/2015
front, on Wednesday the ECB again raised its emergency liquidity assistance (ELA) funding for Greek... and 20. Sharp rise in Eurosystem funding Greek banks’ Eurosystem funding saw its sharpest rise... December 2012. Eurosystem funding reached 126.57 billion at the end of June, which is the highest
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If it's debt restructuring you're looking for, Regling's not your man
Agorabillion maturing in five years and more. According to the funding operations section of the same... of different maturities. The EFSF has a total of over 199 billion euros under its funding programme... although still following the philosophy of taking advantage of the low funding costs of the short end
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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyfor almost 70 percent of that month’s outflows. At the same time, Greek banks’ Eurosystem funding... at the end of September. Over the past three months, Central Bank funding has fallen by a cumulative...) funding by 4.4 billion to 82.37 billion, while ECB funding eased by 790 million to 39 billion. Since
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomy. At the same time, Greek banks’ Eurosystem funding fell for the fourth straight month by 2 billion euros to 119.38 billion at the end of October. As a result, Central Bank funding has dropped... Liquidity Assistance (ELA) funding by 4 billion to 82.79 billion, while ECB funding declined by 3.2
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Banks’ EFSF bonds QE eligible but with little impact on liquidity
Economyin the programme. The bulk of banks’ EFSF bond holding were used until now as collateral for ECB funding... in the form of ECB funding with the cash they would get from the EFSF bond sales reducing accordingly their ECB funding reliance, which is currently provided at almost zero interest rates. From an accounting
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Newsletter 79 - 24/06/2016
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 that of ECB funding. The switch to ECB funding as of June 29 would entail cheaper liquidity of 5–6 billion
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomybillion respectively. A the same time, Greek banks’ Eurosystem funding fell for the eleventh... in the Emergency Liquidity Assistance (ELA) funding by 2.08 billion to 64.81 billion, its lowest level since January 2015, while ECB funding also slipped by 1.78 billion to 30.9 billion. BoG said last Thursday
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Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomy. Meanwhile, the reliance of Greek banks on Eurosystem funding notably dropped by 8.57 billion euros to 87.14 billion in June, reflecting of a sharp fall in ELA funding by 10.44 billion, while ECB funding rose by 1.87 billion. The reduced central bank funding in June mainly results from
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S&P raises core Greek banks’ ratings, with a stable outlook
Economy. In addition, their funding positions will remain highly unbalance resulting in continued reliance on Eurosystem funding to cover their liquidity needs, S&P stresses. A rating upgrade would require... that would result in lower reliance on ECB funding, return to profitability and asset quality
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomyon Eurosystem funding fell further by 4.39 billion to 78.46 billion at the end of August. The monthly movement reflects a decline in the Emergency Liquidity Assistance (ELA) and ECB funding by 2.55 and 1.83 billion respectively. Overall, Central Bank funding has dropped by 17.26 billion over the last three
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