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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
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Greek banks on cusp of improved liquidity conditions
AgoraLiquidity 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 Based on the currently applied haircut of around 45 percent, this collateral correspond to withdrawn liquidity of 5.1 billion.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
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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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October revenues reverse earlier shortfall, annual primary surplus in sight
Economyto the targets being beaten over the last four months, even though there is a steady increase
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Two hurdles left for coalition this year before bigger challenges in 2014
PoliticsGreek PoliticsGreece’s coalition has two more hurdles to clear before it stumbles over the finishing line at the end of the year, exhausted and battered but not quite yet beaten. The first challenge is to pass the new property tax, which unites previous disparate levies in one charge, through Parliament. The new
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First round of local elections leave Greek politics finely balanced
PoliticsGreek PoliticsDemocracy’s incumbent Vassilis Michaloliakos was beaten into second place by independent Yiannis Moralis
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