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How Greek banks can balance on the collateral tightrope
Agorathey have risen by at least another 2.5 billion in April, given that the Bank of Greece (BoG) financial... commercial banks to a cash management account at the BoG. In March those outflows reached 1.5 billion... (ELA) funding. Based on the latest official BoG figures, Greek banks used ELA funding of 74.4 billion
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyeuros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG..., with the goods deficit landing at 1.01 billion in March, down 21.8 percent YoY. The BoG noted...-residents’ arrivals (up 45.6 percent). The BoG is scheduled to release the detailed figures
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How Greek banks were left on the brink
Agorain April, according to the latest Bank of Greece (BoG) data. The breakdown of these outflows over... not exceed the 1-billion mark. BoG data on the evolution of money in circulation showed it rose by 13.3... of their cash reserves to a cash management account at the BoG for the government to cover its short
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Referendum call finds Greek banks teetering on the edge
Economy. According to the most recent figures from the Bank of Greece (BoG), Greek banks suffered private... management at the BoG) are included the total amount of outflows reached 40.7 billion by the end of May. The BoG figures also showed that banknotes in circulation rose by 15.1 billion euros
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomy, according to the Bank of Greece (BoG). The YoY deterioration mainly reflects a widening...’ deficit landed at 1.3 billion with exports at 1.68 billion and imports at 2.98 billion. BoG said... goods’ balance of 8.12 billion. BoG commented that the evolution of the goods’ balance in the first
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomy, according to the Bank of Greece (BoG). The slowdown reflects the imposition of capital controls... since September 2014 by 1.29 billion eyros to 125.29 billion, according to the BoG financial statement... Assistance (ELA) funding to 85.29 billion at the end of July. Following a request by BoG, the ECB
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyby 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial... by Greek banks with BoG slightly increased by 820 million to 164.45 billion. ECB funding edged up... process. BoG data also displayed banknotes in circulation marginally rose by around 50 million to 50.18
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomyto 87.9 billion, Bank of Greece (BoG) said on Wednesday. This was the fourth reduction since August 18... for a third bailout programme with Greece’s eurozone partners in mid August. According to BoG, better... month since mid July. The latest BoG official figures on the actual ELA usage by Greek banks show
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomyby 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s...) compared to that of exports (-12.1 percent), also due to the imposition of capital controls. BoG said... corresponds to lower imports by 4 billion. At the same time, exports fell by 5.8 percent or 1 billion. BoG
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The key points in Greece's new bank recap bill
Economyframework: 1) A bank that has been deemed viable by the Bank of Greece (BoG) may apply to the Hellenic... of Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... that of the BoG governor. In addition, their bonuses are restricted for the period HFSF participates in banks
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