Search
-
Deposit flow turns negative again in April with outflows of 139 mln
EconomyMacroeconomyflow, Greek banks’ Emergency Liquidity Assistance (ELA) funding declined further by 269 million month... the ELA mechanism has been reduced by 1.04 billion. It is also worth noting that the ECB decided on May 18 to further cut the ELA ceiling for Greek banks by 1.2 billion euros after a marginal
13% -
Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomy. Following the recorded inflows in June, Greek banks’ reliance on the Emergency Liquidity Assistance (ELA... the beginning of the year, the liquidity withdrawn from the ELA mechanism has dropped by 5.74 billion... the ELA ceiling for Greek banks by a total of 3.1 billion. As a result, the ELA limit currently
13% -
What will be on the agenda for talks between Merkel and Tsipras?
Agorathat in light of the damage done to bilateral Greek–German relations in the course of recent weeks... provided to Greek banks through emergency liquidity assistance (ELA). As the Greek government’s
13% -
Greece changing direction on energy policy, warms to US-backed projects
PoliticsForeign Policyand the TAP pipeline, the spur that we’re talking about, going from there up to Bulgaria,” said... energy security. We think that there are enormous opportunities here to spur grow throughout Europe
13% -
Government opts for modest tax relief, but who will benefit?
EconomyFeaturestax cuts that it believes will relieve the burden on the middle class and help to spur much-needed.... New Democracy hopes that tax relief for businesses will help to spur much-needed economic growth
13% -
NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingat the same time its reliance on the Emergency Liquidity Assistance (ELA) funding. From the peak of around 18 billion euros in July 2015, the bank said it has reduced ELA funding by almost two-thirds... Eurosystem funding stood at 20.8 billion euros in mid-May, of which 11.2 billion relate to ELA
12% -
Newsletter 113 - 31/03/2017
reliance on emergency liquidity assistance (ELA) funding and lower time-deposit costs, which were... for the increase of 330 million in the ELA liquidity withdrawn by Greek banks in February, which stood at 43.15 billion, up from 42.81 billion in January. Moreover, ECB decided last week to increase the ELA
12% -
Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorathe reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings... months largely reflects ELA funding dropping by 14.75 billion to 51.45 billion in July, while ECB... shifted towards ECB funding, which made up 38 percent of total in July from 35 percent in March. ELA
12% -
China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agorasince the signing of a strategic partnership agreement in 2009. The bilateral cooperation agreement..., China’s Export-Import Bank agreed to fund 85 per cent of the bilateral project. However... China and the 16 countries in CEE as well as the conclusion of bilateral visa liberalisation regimes
12% -
Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
AgoraAssistance (ELA) and ECB funding down by 3.9 and 4.8 billion respectively. However, this positive trend... (-4.2 billion). ELA funding edged down by just 500 million. The latter reflects a reduction of 850... wholesale funding expenses (due to reduced reliance on ELA funding), which was almost offset by weaker
12%