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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomyAssistance (ELA) guarantees from 9.79 billion in December to zero since June. That development stemmed from Greek banks’ zero reliance on ELA funding as of May. The breakdown of guarantees indicated... at the end of November. This funding source was initiated this year and relates to intra-government
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomyLiquidity Assistance (ELA) funding by 8.57 billion partly offset by a rise in ECB funding by 2.68... by 19.1 billion mostly due to lower reliance on ELA funding by 17.9 billion on the back of reduced... this period. Meanwhile, Greek banks’ Eurosystem funding declined for the sixth straight month by 5.89
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingbillion at the end of February. In particular, the Emergency Liquidity Assistance (ELA) funding slipped to 20 billion in December and to 19.5 billion in February. The bulk of ELA eligible collaterals... reflects lower funding cost with the Greek deposit spread improving by 17 basis points (bps) QoQ
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Newsletter 65 - 04/03/2016
reflects a decline in ECB funding by 1.35 billion euros. Emergency liquidity assistance (ELA) funding... their ELA funding reliance by 17.93 billion. January’s overall figure is the lowest for the last 12... than the flash estimate of 1.9 percent. Eurosystem funding eases Greek banks’ Eurosystem funding eased
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomy’ reliance on Eurosystem funding fell by 1.86 billion euros to 104.23 billion in February. The monthly change reflects a fall in the Emergency Liquidity Assistance (ELA) funding by 0.85 billion to almost... has dropped by 22.35 billion euros, mostly due to lower ELA funding by 18.78 billion, stabilisation
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Marginal deposit inflows of 55 mln in March
EconomyMacroeconomyAssistance (ELA) funding by 1.79 billion to 66.19 billion and a slower drop in ECB funding by almost 1... reflecting a decrease in ELA funding by 20.58 billion amid reduced uncertainty, stabilisation... government (2.28 billion). Meanwhile, Greek banks’ reliance on Eurosystem funding fell by 2.78 billion
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Net profit of 87 mln for NBG in Q1
EconomyBanking, largely on the back of lower reliance on the Emergency Liquidity Assistance (ELA) funding and time... 2 billion to 20.8 billion in mid-May. The latter is split into ELA funding of 11.2 billion and ECB... for funding. Operating expenses fell 7 percent QoQ and 2.2 percent year on year (YoY) to 309 million
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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
Economyare eligible for Eurosystem funding collateral This means, the total nominal amount of Greek government securities that Greek banks could switch from the Emergency Liquidity Assistance (ELA) to ECB... billion if the ECB decides to lower the haircut that is currently applied to this collateral. The ELA
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ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
EconomyBankingfor Emergency Liquidity Assistance (ELA) funding may be switched to ECB funding. This entails lower cost for banks since the ELA funding cost stands 150 basis points above that of financing from the ECB... credit rating threshold with regards to the eligibility of collateral for funding purposes
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking, increased repos and deposit inflows. In specific, the Emergency Liquidity Assistance (ELA) funding dropped.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... with the NPE cash coverage ratio at 47 percent. Eurosystem funding declined by 3.6 billion euros QoQ
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