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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomyof Greek banks’ Eurosystem funding to 112.84 billion at the end of April, up by 68 billion on the end-November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4 billion) and the remaining one-third to ECB funding (38.5 billion) almost entirely comprised by EFSF
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A Greek proposal that deserves to be heard
Agoraand repayments to the International Monetary Fund that create a major funding hump of around 24... reduce its funding needs in the mid-term and help Greece regain market access through eligibility for the ECB’s quantitative easing (QE) programme. Using European Stability Mechanism funding
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How Greek banks were left on the brink
Agora-term external funding needs, largely payments to the International Monetary Fund and to replace...) to lift the waiver for Greek government securities, previously used for ECB funding purposes, led to Emergency Liquidity Assistance (ELA) funding exceeding 74 billion at the end of April. Greek banks also
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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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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingcash coverage ratio at 53 percent. Eurosystem funding dropped by 1.6 billion euros QoQ to 24 billion in Q4 and further to 23.4 billion on March 10. The current figure incorporates ECB funding of 12.5 billion and Emergency Liquidity Assistance (ELA) funding of 10.9 billion. The cash value
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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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NBG completes sale of Finansbank to Qatar National Bank
EconomyBankingbonds, reducing accordingly its reliance on the Emergency Liquidity Assistance (ELA) funding and the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros in May implying the nominal value stood close to 3 billion. The ELA funding cost stands 150 basis
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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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