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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyto a month-on-month drop in the Emergency Liquidity Assistance (ELA) funding by 1.48 billion euros to 85.29... zero at the end of December. The ECB had kept the ELA limit for Greek banks stable until mid-July... agreement. So, we conclude that the lower ELA use in July most likely reflects increased deposit
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding for the second straight month by 1.34 billion to 83.95 billion... the ELA limit for Greek banks by 1.3 billion to 89.7 billion, on the back of improving liquidity.... On September 3, ECB decided to further lower the ELA limit by another 600 million to 89.1 billion. However
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyto a sharp decrease in the Emergency Liquidity Assistance (ELA) funding by 8.57 billion, at the fastest pace since July. Over the past six months, ELA funding has been trimmed by 17.86 billion... of the ELA funding was replaced by the much cheaper ECB funding largely as a result of the ESM bonds
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PM lines up Israel visit, discusses conflict with Erdogan
PoliticsForeign Policyof bilateral political consultations, Deputy Foreign Minister Alexandra Papadopoulou and her Turkish counterpart Burak Aksapar are meeting on Tuesday. Their talks are aimed to raise open bilateral... that the current positive atmosphere between Athens and Ankara, which goes beyond the open bilateral
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Newsletter 27 - 22/05/2015
promises. EBC lifts ELA marginally Deal delay would put pressure on Greek bank liquidity The ECB decided on Wednesday to marginally increase the emergency liquidity assistance (ELA) limit for Greek banks... February. It had been rumoured Athens would ask for the ELA cap to be increased by 1.1 billion
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Deposit flow in positive territory at 638 mln in May
EconomyMacroeconomymillion, mitigated by general government outflows of 305 million. Following the positive deposit flow in May, Emergency Liquidity Assistance (ELA) funding for Greek banks declined by 1.4 billion to 40.7... the ELA ceiling for Greek banks by a total of 1.7 billion euros. As a result, the ELA limit
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomythe Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion... today’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August... banks’ liquidity position. According to the latest official data, Greek banks’ ELA funding stood
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Greece and Turkey move ahead with talks on Confidence Building Measures
PoliticsForeign Policyis its electoral target. The risk of that choice is that if Beleri is elected, bilateral relations... dead-end in bilateral relations, since new elections in Himara are expected once a final ruling... Lalakos and Turkey’s deputy foreign minister Burak Aksapar, respectively. High-ranking military
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Athens wary of implications from Erdogan's cancelled trip to Washington
PoliticsForeign Policyof relations between Ankara and Washington. Bad bilateral relations between Turkey and the US could result... a meeting in London.” “The talks also focused on bilateral relations, regional and international issues... with his counterpart, Burak Akcapar in İstanbul on April 26 for the 6th round of discussions
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following... to reduced reliance on Emergency Liquidity Assistance (ELA) funding and lower pillar II bonds... by 500 million to 16.4 billion in May. Specifically, ELA funding fell from 13.2 billion last December
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