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Deposit inflows of 1.04 bln in October for banks
EconomyMacroeconomyliquidity assistance (ELA) came on November 9 when it was announced that the ELA ceiling for Greek banks... funding fell by another 4.38 billion in October. Due to the reduction, central bank funding came
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Deposit inflows of 272.9 mln recorded in November
EconomyMacroeconomy(ELA) came on December 14 when it was announced that the ELA ceiling for Greek banks would... billion. BoG’s monthly financial statement recently showed that Eurosystem funding fell by another 4.46 billion in November Due to the reduction, central bank funding came to 32.88 billion euros
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBanking. Eurosystem funding Eurosystem funding stands at just 2.8 billion, with zero Emergency Liquidity Assistance (ELA) exposure since late November 2017, assisted by capital actions. NBG remains the only core Greek bank that is off ELA while retaining a liquidity buffer. Stress test Under the 2018 EU-Wide
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomy: a) The elimination of the guarantees related to the Emergency Liquidity Assistance (ELA) to zero in June, from 9.79 billion in December, following the Greek bank’s zero reliance on ELA funding
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SYRIZA's own goals one of main threats to party's poll lead
PoliticsGreek Politicsbillion euros” via the Emergency Liquidity Assistance (ELA) programme if the European Central Bank cuts off funding to Greek lenders. While Greek banks would be able to borrow via the ELA, and have done so
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General gov't primary surplus shrinks to 419 mln in January
EconomyMacroeconomy(ELA) bank guarantees. Both movements reflect the tight liquidity conditions of Greek banks...-guaranteed bonds for ECB funding purposes. As a result, bank support scheme guarantees stood at 50.9 billion at the end of January, while ELA bank guarantees reached 5.8 billion from zero since June 2014
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomya rise in the Emergency Liquidity Assistance (ELA) bank guarantees by 16.57 billion and a decline... guarantees stood at 47 billion wueos, while ELA bank guarantees reached 22.37 billion. Overall, bank... securities previously used for ECB funding. The remaining 20 percent is associated to state
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsan increase in the ELA cap by 1.1 billion but reports suggested that around 1 billion euros was withdrawn... published in late May, Greek banks held collateral that could provide them with an additional ELA...-term funding concerns. Varoufakis also vehemently denied a report that the ECB warned Greek banks may
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomy. The sharp increase mostly relates to Emergency Liquidity Assistance (ELA) bank guarantees from zero... than 84 percent of total state guarantees. The Finance Ministry corrected in the May bulletins the ELA... a large part of non-payroll cost to cover its imminent external funding needs. The absolute figures
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyand in Emergency Liquidity Assistance (ELA) bank guarantees by around 11 billion. Since the beginning of the year... by 65.7 billion is primarily attributed to ELA bank guarantees to 56.08 billion from zero last December... to improve the cash-flow and cover the imminent (at that time) external funding needs. The breakdown
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