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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomywith the ECB. Meanwhile, the Emergency Liquidity Assistance (ELA) funding slipped by 79 million to 68.84 billion euros in January. Since July, Greek banks have reduced their ELA funding reliance by 17.93 billion... of their recapitalisation. The composition of Eurosystem funding shows 65 percent is made up by ELA
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Newsletter 104 - 27/01/2017
a decrease in emergency liquidity assistance (ELA) funding by 1.37 billion. Greek banks’ Eurosystem funding... liquidity assistance (ELA) funding by 1.37 billion, coupled with a smaller reduction in ECB funding by around 500 million. Almost half of the cumulative drop of 43.1 billion in ELA funding since its
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Newsletter 118 - 12/05/2017
Liquidity Assistance (ELA) and ECB funding by 269 and 266 million, respectively. Specifically, ELA... to the lower reliance on ELA funding. Monthly change reflects a similar drop in both ELA and ECB funding
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Deposit flow turns negative again in April with outflows of 139 mln
EconomyMacroeconomyflow, Greek banks’ Emergency Liquidity Assistance (ELA) funding declined further by 269 million month... the ELA mechanism has been reduced by 1.04 billion. It is also worth noting that the ECB decided on May 18 to further cut the ELA ceiling for Greek banks by 1.2 billion euros after a marginal
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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomy. Following the recorded inflows in June, Greek banks’ reliance on the Emergency Liquidity Assistance (ELA... the beginning of the year, the liquidity withdrawn from the ELA mechanism has dropped by 5.74 billion... the ELA ceiling for Greek banks by a total of 3.1 billion. As a result, the ELA limit currently
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Greek banks push for return to normality
EconomyBankingof Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined... by approximately 20.66 billion. The decline in July was driven by a fall in ELA funding which went down by 2.48... million to stand at 8.18 billion. Greek banks are anticipating that reliance on ELA funding
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingeuros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well... in wholesale funding cost is expected in Q4 2018 as ELA approaches full elimination. On an aggregate... and fell by a further 300 million by November. Specifically, Emergency Liquidity Assistance (ELA
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PMI grows in July, but supply chain issues and price pressure come to fore
EconomyMacroeconomymaterial shortages and competitive pressures as selling prices had to rise following input price... of material shortages became more widespread,” commented Markit analysts. “At the same time, goods producers... in raw materials led to the build-up of the backlog of work, the fastest since the series began
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PMI up to 59 pts in Dec as manufacturing nears year of growth despite supply chain challenges
EconomyMacroeconomyin workforce numbers, the highest since February 2020. However, material shortages and delays... by port congestion and ongoing reports of material shortages. The output expectations in the sector... to the necessary raw materials, leading to high purchasing activity to avoid future shortages, also
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Has internal devaluation really helped Greek exports?
Economyaccess to bank credit, supplier cutback of credit, long waiting times for VAT refunds from the state
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