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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomya similar decline in both the Emergency Liquidity Assistance (ELA) and the ECB funding by 269 and 266 million euros respectively. Specifically, ELA funding was reduced for the second successive month... on March 23 to increase the ELA ceiling by 400 million euros to 46.6 billion for the first time since
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomywas entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 1.50 billion euros... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction coming on April 12, when the ECB announced that the ELA ceiling for Greek banks would be reduced
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Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
EconomyMacroeconomyLiquidity Assistance (ELA) funding jumped by 60.41 billion MoM to 65.64 billion in February. The monthly change is the second highest historical reading and stems from: a) Replacement of ECB with ELA... as well as other collaterals such as covered bonds or securitisations that were placed with the ELA
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomyThe Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion... the provision of ELA to the banks of their country”. Until then, changes in the ELA limit were attributed to bank sources. Over the past seven weeks, the ELA limit for Greek banks has been lowered by a total
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ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyin September was split between a drop in the Emergency Liquidity Assistance (ELA) funding by 1.58 billion and a decrease in ECB funding by 1.09 billion. The change in ELA funding was expected after the ECB decided twice in September to reduce the ELA ceiling for Greek banks by 0.6 and 0.2 billion
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomyin November is mostly due to a decrease in the Emergency Liquidity Assistance (ELA) funding by 5.3... increases, with the cash proceeds replacing the use of ELA funding. The ECB decided on December 3 to cut the ELA ceiling by 7.8 billion euros to 77.9 billion amid improving liquidity for Greek banks
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Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomy, the decline was driven largely by a fall in Emergency Liquidity Assistance (ELA) funding by 2.37... Bank (ECB) funding to 11.24 billion euros. In recent months, ELA funding has been steadily falling with the latest reduction coming on March 8, when the ECB announced that the ELA ceiling for Greek
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomy. In addition, the Emergency Liquidity Assistance (ELA) funding was eliminated at just 3.6 million... the year-end figure of 73 billion, which comprised at that time ECB funding of 63.2 billion and ELA... to date is directly linked to that ECB directive. The May data also showed that the ELA funding
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Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomya decline in the Emergency Liquidity Assistance (ELA) funding by 2.08 billion and in ECB funding by 1.78 billion. ELA funding fell to 64.81 billion euros, which is its lowest level since January 2015.... Since the agreement reached at the EU Summit in July last year, ELA funding has dropped by almost
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomyhighest level since August 2011. In addition, ELA funding rose from zero since May 2014 to 5.23... Greek banks (Alpha, Eurobank and Piraeus) submitted requests to BoG for resorting to the ELA mechanism... government bonds and T-Bills. On February 18, the ECB approved a further two-week extension of the ELA
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