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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomyLiquidity Assistance (ELA) funding by 4 billion to 82.79 billion, while ECB funding declined by 3.2...) with eurozone partners in mid-August, the ECB Governing Council decided to reduce the ELA ceiling for Greek.... At the same time, Greek banks’ Eurosystem funding fell for the fourth straight month by 2 billion euros
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NBG completes sale of Finansbank to Qatar National Bank
EconomyBankingbonds, reducing accordingly its reliance on the Emergency Liquidity Assistance (ELA) funding and the associated funding cost. The cash value of the pledged pillar II bonds stood at 1.5 billion euros in May implying the nominal value stood close to 3 billion. The ELA funding cost stands 150 basis
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingpercent QoQ to 482 million largely driven by lower funding cost due to reduced Emergency Liquidity Assistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30... and by another 1.7 billion to 13.2 billion in August. In particular, ELA funding more than halved from 11
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Deposits edge down to 123.5 bln in September on outflows of 379 mln
EconomyMacroeconomyfunding by 1.82 billion to 27.75 billion coupled with a decline in Emergency Liquidity Assistance (ELA... applied on ELA collateral coupled with deposit inflows of around 2 billion.... to the end-2015 figure. BoG earlier data also showed that Greek banks’ Eurosystem funding dropped by 3.15
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyto 25.51 billion and a decline in the Emergency Liquidity Assistance (ELA) funding by 1.29 billion... of the reinstatement of the waiver on Greek government securities and the lower haircut applied to ELA collateral.... weeks ago that Greek banks’ Eurosystem funding fell by another 3.53 billion euros to 71.78 billion
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Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
EconomyMacroeconomyAssistance (ELA) funding by 1.37 billion, while ECB funding posted a smaller drop by 500 million... to reinstatement of the waiver on Greek government securities, lower haircut applied on ELA collateral, banks... banks’ Eurosystem funding declined by another 1.87 billion in December and landed at 66.62 billion, its
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingin December. Central bank funding fell to 10.4 billion in March, with the current level of ELA... of ELA funding is seen in early 2018. Gross loans continued heading south, contracting by another 800... by 80 percent from last year. Balance Sheet Eurosystem funding dropped by just 300 million euros QoQ
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBanking(ELA) funding stayed stable QoQ at 5.6 billion and rose slightly to 5.7 billion in May. This is the lowest among Greece’s core banks. NBG expects to disengage completely from ELA funding in the next... developments. Balance Sheet Eurosystem funding fell by 1.9 billion QoQ to 10.2 billion in March, increasing
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBanking(ELA) funding from 3.8 billion in June to 2.3 billion in September. At 1 billion euros in October, NBG has the lowest ELA funding levels among the core Greek banks. Outstanding interbank funding stands... other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingrefinancing operations (TLTRO ) funding. NBG remains the only core Greek bank that is off ELA while... cited this as a key driver for the bank’s return to profitability. Eurosystem funding Eurosystem funding stands at just 2.8 billion, with zero Emergency Liquidity Assistance (ELA) exposure since late
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