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Greek banks on cusp of improved liquidity conditions
AgoraLiquidity Assistance (ELA). It is worth noting that according to a previous ECB decision, pillar II bonds... as collateral for ELA funding, would be switched to ECB funding. Based on the currently applied haircut of around 45 percent, this collateral correspond to withdrawn liquidity of 5.1 billion. The ELA
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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... morning that the ECB lowered the ELA ceiling for Greek banks by 3.1 billion through to June 29
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingEmergency Liquidity Assistance (ELA) reliance and the calendar effect. Funding costs were down by 25 million... to TLTRO-II, and 6 million from reduced ELA costs. On the asset side, lower average loan balances.... Specifically, Emergency Liquidity Assistance (ELA) funding was reduced from 4.8 billion in Q1 to 2.5
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Newsletter 211 -21/06/2019
their dependency on emergency financing from the central bank (ELA), a sign of normalisation in funding... industrial groupings. Eurosystem funding drops by 399 mln in May Figure for ELA collateral falls to zero... in Emergency Liquidity Assistance (ELA). Compared to May 2018, Eurosystem funding declined by a total
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingfrom the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use... noted that interest expense was also favourably impacted YoY on the back of ELA elimination... billion at the end of Q2 2019, down by 14.8 billion YoY. The bank fully eliminated ELA funding
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Positive mood but little substance in Tsipras's Turkey visit
PoliticsForeign Policybreakthrough on Wednesday either with regard to the refugee crisis or the crucial issues related to bilateral... at the end of his trip. Bilateral issues There appeared to be no movement on the various unresolved bilateral issues during Tsipras’s visit to Turkey. The Greek side seems pleased that Tsipras raised
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Athens sticks by effort to build bridges with FYROM
PoliticsForeign Policythe enhancement of bilateral relations and perhaps, create a new chapter of trust between Athens... to diplomatic sources in Athens, the agreed CBMs have become useful tools of bilateral cooperation... of the most common goals is the bilateral cooperation against trafficking. The same sources, however
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Greek-Turkish relations set for turbulence after court rejects soldiers' extradition
PoliticsForeign Policybilateral relations between Ankara and Athens. The difficulties ahead are clear from the press... on our bilateral relations, our cooperation against terrorism and other common cooperation in bilateral.... Turkey’s anger at the decision was to be expected. In any bilateral meeting that took place since
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Tsipras faces challenges ahead on multiple foreign policy fronts
PoliticsForeign Policyof the agreement with Albania to resolve bilateral issues remains pending, while bilateral relations.... The enhancement of bilateral relations, though, was a government policy with Tsipras's blessings, who has... to the States. So, no substantial change is expected here; but the bilateral strategic dialogue
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Athens tries to rekindle ties with North Macedonia after period of stasis
PoliticsForeign Policyand could be North Macedonia’s closest ally and best friend.” Talks focused on bilateral issues... of bilateral economic co-operation, the Western Balkans’ European perspective and the recent military... of the bilateral defense cooperation agreement with Turkey raised questions for us.” On this issue, Greek
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