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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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Newsletter 63 - 19/02/2016
(ELA) ceiling for Greek banks by 100 million to 71.4 billion. Since mid-August, the ECB has cut the ELA... of the private deposit flow. The most notable reduction was evident in December, when the ELA ceiling
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingreliance on the Emergency Liquidity Assistance (ELA) funding. In addition, due to the continued loan... of December and further to 24.2 billion in February. The bulk of Central Bank funding involves ELA (19.6... to 4.9 billion in December from 2.8 billion in September. From a total ELA collateral pool of 24.6
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBanking, NII fell 5 percent to 1.91 billion euros. It was mainly dragged downwards by the higher ELA cost... billion and Emergency Liquidity Assistance (ELA) funding of 10.9 billion. The cash value... billion to ELA. The breakdown of the latter shows credit claims of 6.3 billion, pillar II bonds of 3.8
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