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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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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingAssistance (ELA) funding. Under the third pillar, the state had issued special bonds purchased by banks..., Pillar II bonds, which are used for ELA funding, bear a nominal interest rate of 1.55 percent (150... paid to BoG a total of 914.6 million euros in 2015 as interest expense for ELA funding, compared
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingLiquidity Assistance (ELA) funding and government guarantees as well as lower deposit cost. In contrast, fee... to 30.4 billion at the end of Q1. The breakdown shows ECB and ELA funding stood at 14.4 and 16.1... and ESM bonds as collaterals. Similarly, the large majority of ELA funding collaterals relates
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingdue to the reduced reliance on the Emergency Liquidity Assistance (ELA) funding, which was offset... reduced by 0.3 billion QoQ to 24.1 billion euros at the end of March with ELA funding at 19.7 billion... in March entailing a liquidity buffer of 3.1 billion. In more detail, from the total ELA collateral pool
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding by 2.08 billion to 64.81 billion, its lowest level since... that the ECB approved a lowering of the ELA ceiling by 3.1 billion through June 29 and further..., which is estimated to result in a swap of 5-6 billion of withdrawn liquidity from ELA to ECB funding.
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingon ELA funding and reduced usage of pillar II bonds, was offset by lower loan NII. The latter reflects... at the end of June and further by another 1.6 billion in the course of Q3 so far. In particular, ELA..., on the back of 1.8 billion that was switched from ELA to ECB funding, due to the waiver reinstatement, while
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorathe reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings... months largely reflects ELA funding dropping by 14.75 billion to 51.45 billion in July, while ECB... shifted towards ECB funding, which made up 38 percent of total in July from 35 percent in March. ELA
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomymovement reflects a decline in the Emergency Liquidity Assistance (ELA) and ECB funding by 2.55 and 1.83... months, mostly due to a reduction in the ELA funding by almost 16 billion on the back of the reinstatement of the waiver on Greek government securities, lower haircut applied on ELA collateral
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