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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorareduced Emergency Liquidity Assistance (ELA) funding and improving deposit spread and mix. However, NII... rise in ELA funding, from zero in the second half of 2014 to a peak of 86.8 billion in June 2015... of the burden of ELA cost on banks, it is worth noting that the Bank of Greece (BOG) reported in its 2015
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyin Central Bank funding in December mostly reflects a drop in the Emergency Liquidity Assistance (ELA.... Specifically, ELA funding landed at 43.67 billion euros. This is its lowest level since January 2015... billion in ELA funding since its record high 1.5 years ago was recorded in the past seven months
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Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
EconomyMacroeconomyAssistance (ELA) funding by 4.19 billion euros to 17.43 billion, along with a smaller decline of 395 million euros in European Central Bank (ECB) funding to 11.67 billion euros. In recent months, ELA funding... that the ELA ceiling for Greek banks would be reduced further by 3.2 billion euros to 16.6 billion
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomyEmergency Liquidity Assistance (ELA) funding by 656 million euros to 9.56 billion, along... funding fell in May after having risen for two consecutive months. In recent months, ELA funding has been steadily falling, with the latest reduction coming on May 17, when the ECB announced that the ELA
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomyLiquidity Assistance (ELA) funding which declined by 2.42 billion euros to 7.32 billion. In recent months, ELA funding has been steadily falling, with the latest reduction coming on July 12, when the ECB announced that the ELA ceiling for Greek banks would be reduced further by around 600 million euros
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Eurosystem funding down by 3.29 bln to 13.02 bln in July
EconomyMacroeconomy20.66 billion. The decline in July was driven by a fall in Emergency Liquidity Assistance (ELA... at a milder rate by 809 million to stand at 8.18 billion. In recent months, ELA funding has been steadily falling, with the latest reduction coming on July 26, when the ECB announced that the ELA ceiling
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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomy. The majority of August’s fall stemmed from a reduction in Emergency Liquidity Assistance (ELA... at a much slower rate, dropping by 34 million euros MoM to 8.15 billion. In recent months, ELA... that the ELA ceiling for Greek banks would be reduced further by around 1.9 billion euros to 8.4
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Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
EconomyMacroeconomyfall originates from a decline of 913 million in Emergency Liquidity Assistance (ELA) funding... dropping for four consecutive months. In recent months, ELA funding has been steadily falling, with the latest reduction coming on October 10, when the ECB announced that the ELA ceiling for Greek banks
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Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
EconomyMacroeconomy’s figure was driven by a very slight decline of 6 million in Emergency Liquidity Assistance (ELA... marks the first increase in Eurosystem funding since December 2017. In recent months, ELA funding... that the ELA ceiling for Greek banks would be reduced further by around 100 million euros to 4.9
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Eurosystem funding rises by 64.9 mln in July
EconomyMacroeconomyBank (ECB) funding, bringing the total to 8.67 billion euros, while Emergency Liquidity Assistance (ELA... the publication of its regular ELA-ceiling bulletin as the amount had fallen below 2 billion euros. In March, it was also revealed that Greece’s four systemic banks had fully eliminated ELA funding from
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