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Funding needs take centre stage in row between New Democracy and SYRIZA
Economy, Greek banks could resort to the Emergency Liquidity Assistance (ELA) mechanism of Bank of Greece (BoG... in January. BoG issued a press release on Sunday stressing that “the situation is under absolute control” adding that the “BoG and the ECB are closely monitoring developments and interfere whenever
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyof December from 44.85 billion at the end of November, according to the Bank of Greece's (BoG) annual...) submitted requests to BoG for resorting to the ELA mechanism for an amount of 5 billion euros. Local... at the end of November. ELA was initially launched by BoG in August 2011 as a last resort funding
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomyyear, according to the Bank of Greece (BoG). The higher C/A deficit is mainly attributed to a negative.... BoG is due to release the updated figures for the 11-month period tomorrow. The breakdown... a net outflow of 515 million. Under the portfolio investment, BoG figures show a net outflow of 2.5
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammefor a two-week period following a request by the Bank of Greece (BoG). The request involved the four...’ financial statements. According to the BoG, withdrawals from the Greek banking system reached 4.2... with the BoG ELA, albeit at a higher cost of 1.55 percent compared to 0.05 percent for the ECB. T
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What are the implications of the ECB's decision for Greek banks?
Economy(BoG) and the Emergency Liquidity Assistance (ELA) mechanism. Reaction in Athens The Greek Finance... capitalized and fully protected via the ELA” The numbers According to the latest official BoG data, Greek... deposit rate in Greece, which stood at 1.82 percent in January, according to BoG. ELA Greek banks can
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Newsletter 15 - 13/02/2015
can still be placed with the Bank of Greece (BoG), while the 38 billion of EFSF bonds via ECB funding further increases their liquidity capacity potential. Bear in mind that while the BoG normally... will be published in early March after the BoG’s annual general meeting, due at the end of February
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyin November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up... in the travel spending per trip by 24.4 percent to 332 euros. BoG figures on the breakdown of incoming... showed a mid single-digit rise (+4.6 percent), while those from Russia slipped 13.2 percent. BoG
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomyto the Bank of Greece (BoG). The January figure is the lowest reading since August 2005, according to BoG records. The MoM drop reflects extended outflows of 12.79 billion euros in January from 4.2... for a successful completion of the program are in place”. BoG is due to publish its monthly financial
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyfrom 729 million last year, according to the Bank of Greece (BoG). The negative change by 200 million.... As a result, the good’s deficit declined by 23.7 percent to 1.15 billion. According to the BoG... trip has further eroded in the first two months of 2015. BoG is due to release the detailed figures
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Newsletter 25 - 08/05/2015
their cash reserves and time deposits to a Bank of Greece (BoG) account. According to the bank’s... euros in June. deposits could be transferred to the BoG account, despite the objections raised... to place a chunk of their cash reserves with the BoG in exchange for repos with the state. By late
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