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NBG reports full year net profits of 50 million euros from continued operations
EconomyBanking) funding. Towards the end of March, it was reported that all of Greece’s banks were now off ELA... of ELA related fees. Trading and other income stood at a loss of 30 million in Q4 from a profit of 8..., with zero Emergency Liquidity Assistance (ELA) exposure since late November 2017, assisted
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammeof Emergency Liquidity Assistance (ELA) funding to Greek banks. The initial approval was granted on January 21... not applied for the ELA. That request was mainly triggered by deposit outflows and gradual lack of renewal... with the BoG ELA, albeit at a higher cost of 1.55 percent compared to 0.05 percent for the ECB. T
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S&P acts in wake of ECB decision and downgrades Greek rating to B-
Economyto switch their ECB funding to ELA, although the continuity of ELA funding to Greek banks, including... to lender-of-last-resort financing (ELA), potentially resulting to Greece’s exclusion from... lenders will conclude, with sufficient official funding flows to meet financial obligations
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingoutflows of 5 billion and lack of marker repos renewals of 9.1 billion. ELA funding reached 19.5 billion in February making up two-thirds of total Eurosystem funding. The bank also disclosed it has ELA... securities, Eurobank could replace ELA with ECB funding for the 3 billion related to pillar III
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingis made up by ECB funding of 9.7 billion (primarily EFSF bonds) and ELA funding of 13.3 billion. The bank noted it has a liquidity buffer of around 15 billion mostly for ELA funding with 44 percent of ELA.... As already evident in the results of the other three Greek banks, NBG’s Eurosystem funding rose
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Newsletter 36 - 24/07/2015
front, on Wednesday the ECB again raised its emergency liquidity assistance (ELA) funding for Greek...-euro jump in emergency liquidity assistance (ELA), which reached 86.77 billion – the highest since... reading since November 2012. In June ELA reached highest figure since December 2012. Disposable household
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingbillion and Emergency Liquidity Assistance (ELA) funding of 10.9 billion. The cash value..., NII fell 5 percent to 1.91 billion euros. It was mainly dragged downwards by the higher ELA cost... billion to ELA. The breakdown of the latter shows credit claims of 6.3 billion, pillar II bonds of 3.8
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding by 2.08 billion to 64.81 billion, its lowest level since..., which is estimated to result in a swap of 5-6 billion of withdrawn liquidity from ELA to ECB funding.... that the ECB approved a lowering of the ELA ceiling by 3.1 billion through June 29 and further
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomymovement reflects a decline in the Emergency Liquidity Assistance (ELA) and ECB funding by 2.55 and 1.83... months, mostly due to a reduction in the ELA funding by almost 16 billion on the back of the reinstatement of the waiver on Greek government securities, lower haircut applied on ELA collateral
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Greece lays out plans for debt relief from eurozone
EconomyProgrammerate on the first programme’s bilateral loans (the so-called Greek Loan Facility – GLF) of 52.9 billion euros b) Extending the maturity of bilateral and European Financial Stability Fund (EFSF) loans... will request an extension of the bilateral GLF loans, Greek daily Kathimerini reported on Sunday
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