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  1. Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
    Photo by MacroPolis

    EconomyMacroeconomy

    at 463.2 million. However, net interest income (NII) fell 5.4 percent QoQ to 372.8 million on higher ELA.... As expected the bulk (20.8 billion) relates to Emergency Liquidity Assistance (ELA) funding..., the international buffer cannot be transferred to Greece. The breakdown of ELA eligible collateral pool

    8%

  2. Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
    Photo by MacroPolis

    EconomyMacroeconomy

    -November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4... bonds. On Wednesday, ECB decided to keep the ELA limit for Greek banks unchanged at 80.2 billion. On the end-April ELA used amount of 74.37 billion, the new ELA limit corresponds to a rise by 5.83

    8%

  3. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    to Emergency Liquidity Assistance (ELA) funding exceeding 74 billion at the end of April. Greek banks also... and June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9... indicated they had an ELA cash liquidity buffer of 38 billion euros, with NBG and Piraeus at 12 billion

    8%

  4. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    banks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering... in Q2 with around 60 percent made up by ELA funding. The improving liquidity conditions... has currently an ELA cash buffer in excess of 4 billion. The non-performing loan (NPL) ratio rose

    8%

  5. Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    of Eurosystem funding with interbank repos. The Emergency Liquidity Assistance (ELA) funding slipped..., ELA funding has been reduced by 18.78 billion euros from the recent peak of 86.77 billion last June..., the Eurosystem funding mix was kept broadly stable with ELA funding making up 65 percent of total

    8%

  6. Eurosystem funding falls below 100-bln mark for first time since Jan 2015

    EconomyMacroeconomy

    . At the same time, the Emergency Liquidity Assistance (ELA) edged up by 693 million euros to 66.89 billion in April. This was the first rise in ELA funding since October with a cumulative decline in the outstanding balance by 16.6 billion over this six month period. Despite the small rise in ELA

    8%

  7. Greek banks on cusp of improved liquidity conditions

    Agora

    Liquidity 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

    8%

  8. Newsletter 79 - 24/06/2016

    Newsletters

    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

    8%

  9. Newsletter 88 - 16/09/2016

    Newsletters

    liquidity assistance (ELA) and ECB funding, which fell by 2.55 and 1.83 billion, respectively. Market... billion. Three-quarters of this decline stems from lower dependence on ELA and the remaining quarter... level since December 2014. The decline in August is mostly due to a decrease in ELA funding, which

    8%

  10. Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
    Photo by MacroPolis

    EconomyBanking

    Emergency 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

    8%