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Athens Stock Exchange ends week on a low, banks lose 9.7 pct
EconomyAssistance (ELA) limit and collateral haircut. Last Tuesday it decided to increase the ELA cap by 0.5 billion to 80.7 billion, while the ELA liquidity buffer remained unchanged at 3 billion.
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Newsletter 31 - 19/06/2015
assistance (ELA) funding of Greek banks to 74.4 billion at the end of April, up from zero at the end of December. ELA funding is burdened by higher interest costs – 1.55 percent versus 0.05 percent... the end of April to June 17, the ECB increased the ELA limit for Greek banks by 7.2 billion to 84.1
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomybanks’ ELA funding to 77.6 billion at the end of May from zero at the end of December. Including ECB.... In the course of June, ECB has further increased the ELA limit for Greek banks close to 88 billion on June 22.... The rise by more than 8 billion of the ELA cap within June implies a similar amount of deposit outflows
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What capital controls will mean for Greek banks, customers and the economy
Economythe end of May. During June, the ELA limit was increased by around 9 billion until the middle of last.... This figure may have risen close to or above the 50-billion mark. At the same time, ELA climbed from... of ELA liquidity by the ECB. However, since Greece will not be under a programme as of July 1
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Newsletter 33 - 03/07/2015
on the increase in the ELA limit by around 9 billion in June, it is fair to assume that withdrawals... to provide more ELA liquidity, which would require the prior Eurogroup approval of a Greek request... in the meantime, the ECB would not increase the emergency liquidity assistance (ELA) level for Greek banks, which
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Newsletter 36 - 24/07/2015
front, on Wednesday the ECB again raised its emergency liquidity assistance (ELA) funding for Greek...-euro jump in emergency liquidity assistance (ELA), which reached 86.77 billion – the highest since... reading since November 2012. In June ELA reached highest figure since December 2012. Disposable household
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyof this monthly increase in Central Bank funding stemmed from Emergency Liquidity Assistance (ELA) funding... the referendum call on June 26, ECB decided not to increase the ELA limit for Greek banks for almost three weeks until mid-July. Since then, the ELA limit has been raised twice by 900 million euros each
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Greek QE eligibility? We're not there yet
Agoracurrently use for Emergency Liquidity Assistance (ELA) funding. The collateral types that would... the potential positive impact on liquidity (i.e. shifting from ELA to the cheaper ECB funding) stands... of June, which make up the biggest portion of ELA funding, would be unaffected as set out in a relevant
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingEmergency Liquidity Assistance (ELA) usage. Deposits fell by 13.7 percent QoQ in Q2 and further by 2... QoQ to 750 million in Q2, primarily due to higher ELA reliance and depreciation of the Turkish lira... almost stable QoQ in Q3 at 471 million after dropping by 4 percent in Q2 on elevated ELA reliance. After
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomysupport scheme and Emergency Liquidity Assistance (ELA) guarantees by 5.26 and 5.68 billion respectively... higher than the 2014 figure of 59.8 billion entirely due to a sharp rise in ELA guarantees, which were zero in 2014. The bulk of the outstanding guarantees relate to ELA guarantees of 45.5 billion
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