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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economy. On a separate issue, Kathimerini daily reported that the untapped ELA funding of Greek banks, which... to increase the ELA limit by 500 million to 68.8 billion. Deposit outflows have ceased since the February 20 Eurogroup decision, which means that Greek banks have an ELA liquidity buffer of 3 billion
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Newsletter 18 - 06/03/2015
extension of emergency liquidity assistance (ELA) funding access. As a result, Greek banks could... ceiling of 3.5 billion that Greek banks can place for ELA funding. This means that even.... The increase reflects a rise in ECB funding by 26.21 billion to 82.24 billion. In addition, ELA
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingoutflows of 5 billion and lack of marker repos renewals of 9.1 billion. ELA funding reached 19.5 billion in February making up two-thirds of total Eurosystem funding. The bank also disclosed it has ELA... securities, Eurobank could replace ELA with ECB funding for the 3 billion related to pillar III
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingof 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8 billion with the bulk (4.2 billion) related to EFSF bonds. The bank also noted it has additional ELA collaterals of around 10 billion on top of the February ELA figure. The management noted the bank holds T
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingis made up by ECB funding of 9.7 billion (primarily EFSF bonds) and ELA funding of 13.3 billion. The bank noted it has a liquidity buffer of around 15 billion mostly for ELA funding with 44 percent of ELA
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingis attributed to higher Emergency Liquidity Assistance (ELA) funding cost. The Greek deposit spread.... The latter is made up by ECB funding of 9.8 billion (primarily EFSF bonds) and ELA funding of 15.6 billion. The bank noted it has a liquidity buffer of more than 12 billion mostly for ELA funding. The Basel
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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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