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Greek banks set for early ELA return in apparent precautionary move
Economyto the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity..., the provision of ELA are incurred by the BoG. The cost of ELA funding is 150 bps over ECB main... mechanism was initially launched by the BoG in August 2011 as a last resort funding to assist Greek banks
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Newsletter 12 - 23/01/2015
have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB for the four banks, including... approved BoG request for two weeks, a decision it will review at the next meeting of its governing council
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Pressing economic tasks mounting up for next Greek government
EconomyProgrammeof the four systemic banks have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB..., the ECB reportedly approved BoG request for two weeks, a decision it will review at the next
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomy, according to the Bank of Greece (BoG). This mainly reflects a widening of the current transfers... terms still lag exports by 18 billion. BoG noted that the increased trade deficit also reflects higher..., which fell by 9.1 percent in the 11-month period. BoG is due to publish the full year figures
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price... to be published twice per year and have 2010 as the base year. BoG said that price indices are valuation... to the BoG is possibly associated with: a) More intense efforts of tenants to renegotiate active
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomy(BoG) monthly financial statement published today. Note that January financial statement was published with a delay due to the Annual General Meeting of BoG held at the end of February. The next... Greek banks (Alpha, Eurobank and Piraeus) submitted requests to BoG for resorting to the ELA mechanism
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomytimes higher than the previous year, according to the Bank of Greece (BoG). The negative movement... million YoY. As of January 2015, BoG publishes data in line with the BPM6 (Balance of Payments Manual 6th... adopted by the European Central Bank and Eurostat since the end of 2014. According to BoG, the changes
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyfrom 2.93 billion in March to reach a total of 112.84 billion, according to the Bank of Greece's (BoG... reflects a similar amount of deposit outflows, stemming from both the private and the public sector. BoG... from commercial banks to a cash management account at BoG to facilitate the coverage of the state’s
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomy1.15 billion last year, according to the Bank of Greece (BoG). The improvement in the C/A balance... by 6.9 percent to 5.83 billion. BoG noted that the improvement in the goods’ balance reflects lower net... by 14.4 percent fully attributed to soaring non-residents’ arrivals (+ 39.1 percent). BoG is due
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomymillion last year, according to the Bank of Greece (BoG). This is the first positive reading since... stood at 2.75 billion and exports at 1.77 billion. BoG noted that the reduced goods deficit was due... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil
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