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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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Newsletter 88 - 16/09/2016
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
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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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Govt rushes in new energy measures as Brussels decision on gas price cap deferred
PoliticsGreek Politicstax will apply to the profits of refineries and natural gas supplier DEPA which exceed the average... said that to combat the build-up of arrears to energy suppliers measures would be taken to stop strategic defaulters from switching suppliers to avoid paying their bills. Androulakis at PEGA PASOK
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Authorities ready energy "plan B" for potential supply disruptions as cost of living prompts strike
PoliticsGreek Politicsis ready to face the prospect of disruptions in the supply of Russian gas after supplier Gazprom demanded... are focussing on securing energy supplies, there is some evidence that prices are already forcing changes
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Greece and Ukraine sign LNG deal as US looks on
PoliticsForeign PolicyZelenskyy’s official visit, will see Greek gas supplier DEPA Emporia and Ukraine’s Naftogaz... Naftogaz for direct gas supplies were the next act of the agreements announced last week
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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturesof the countries where Greece sources its crude oil from. Russia is the country’s main supplier of crude oil... crude oil suppliers will certainly disturb the careful balance to which Greece’s refining industry has
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Trade after Brexit: How Greece and the EU will be affected
Agora%), as well as the biggest supplier of goods and services to the UK with imports close to 3,800... among the top 10 trade partners, the top 10 exporting destinations as well as the top 10 suppliers
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