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Newsletter 31 - 19/06/2015
assistance (ELA) funding of Greek banks to 74.4 billion at the end of April, up from zero at the end of December. ELA funding is burdened by higher interest costs – 1.55 percent versus 0.05 percent... the end of April to June 17, the ECB increased the ELA limit for Greek banks by 7.2 billion to 84.1
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Newsletter 100 - 16/12/2016
assistance (ELA) funding by 2.06 and 1.24 billion, respectively. Since last May, ELA funding has... and lower haircut applied on ELA collateral, coupled with participation of Greek banks’ EFSF holdings... (pp) from the Q3 2015 figure of 24 percent. Eurosystem funding falls 3.3 billion euros in Nov Value
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingdue to the reduced reliance on the Emergency Liquidity Assistance (ELA) funding, which was offset... reduced by 0.3 billion QoQ to 24.1 billion euros at the end of March with ELA funding at 19.7 billion... in March entailing a liquidity buffer of 3.1 billion. In more detail, from the total ELA collateral pool
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects..., on the back of 1.8 billion that was switched from ELA to ECB funding, due to the waiver reinstatement, while... at the end of June and further by another 1.6 billion in the course of Q3 so far. In particular, ELA
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingLiquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion... billion in June. They stated that further elimination of ELA would be achieved through a combination... profile improved in Q3 with a further increase in our deposit base and reduction in costly ELA
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingis attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread.... The latter is made up by ECB funding of 9.8 billion (primarily EFSF bonds) and ELA funding of 15.6 billion. The bank noted it has a liquidity buffer of more than 12 billion mostly for ELA funding. The Basel
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Greek QE eligibility? We're not there yet
Agoracurrently use for Emergency Liquidity Assistance (ELA) funding. The collateral types that would... the potential positive impact on liquidity (i.e. shifting from ELA to the cheaper ECB funding) stands... of June, which make up the biggest portion of ELA funding, would be unaffected as set out in a relevant
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingAssistance (ELA) funding. Under the third pillar, the state had issued special bonds purchased by banks..., Pillar II bonds, which are used for ELA funding, bear a nominal interest rate of 1.55 percent (150... paid to BoG a total of 914.6 million euros in 2015 as interest expense for ELA funding, compared
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingand currently stands at 11.3 billion. The Emergency Liquidity Assistance (ELA) funding dropped from...’ figure. ELA funding was mainly replaced by interbank repos, which increased by 1.2 billion QoQ... of Q3, while also targets to eliminate dependence on ELA funding in the next 18 months. Gross loans
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBanking(ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion from 9 billion. Eurosystem funding dropped further in late March 2018, with ELA dropping below 2... to the conclusion of our restructuring plan, the accomplishment of our NPE goals, the full elimination of ELA
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