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  1. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    to 1.8 billion at the end of Q2. Emergency Liquidity Assistance (ELA) funding dropped to around 300... quarterly for almost two years now. ELA funding was eliminated despite the ECB waiver for Greek bonds

    25%

  2. Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
    Photo by MacroPolis

    EconomyBanking

    Liquidity Assistance (ELA) reliance fully eliminated as of February 2019. During the quarter, greater use... that the bank had concentrated on several milestones including exiting the ELA, increasing the deposit

    25%

  3. Newsletter 144 -15/12/2017

    Newsletters

    was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros to 19.85 billion.... The budget balance in the first 11 months of 2017 recorded a deficit of 763 million euros, landing

    25%

  4. Exclusion from QE confirmed, only ECB's reinvestment programme left
    Photo by ECB via Flickr https://flic.kr/p/qhZVDy

    EconomyProgramme

    probably being the country that needed it the most. The ECB’s QE programme is already winding down... at just 16.3 billion euros: ECB funding is 9 billion and ELA from the Bank of Greece at 7.3 billion

    23%

  5. What the ECB did next - a tale from another crisis
    Photo by MacroPolis

    Agora

    on Emergency Liquidity Assistance (ELA) to the Greek banking sector created an arguably inevitable... this route however and pressured Greece, Ireland, and Portugal each to seek bilateral rescue loans... to be satisfied through the relevant national central bank, by means of ELA. Greek banks therefore could

    21%

  6. Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln

    Economy

    ) loans by 6.34 billion euros. Much smaller changes were recorded in special purpose and bilateral... almost 69 percent of total central government debt. On top of bilateral (52.9 billion) and EFSF... purpose and bilateral loans, including those granted by the European Investment Bank (EIB) rose

    20%

  7. Newsletter 15 - 13/02/2015

    Newsletters

    the Emergency Liquidity Assistance (ELA) capacity to Greek banks by an additional 5 billion, up from the 60... at the end of December, equally split between ECB and ELA funding. The cost of ELA is 1.55 percent, 150 bps above that of ECB funding. On the current utilisation of ELA funding of 40 billion, this corresponds

    19%

  8. Newsletter 24 - 24/04/2015

    Newsletters

    will have to cover this liquidity shortfall through additional emergency liquidity assistance (ELA... on Wednesday raised the ELA limit for Greek banks by 1.5 billion to 75.5 billion. This means that banks have an ELA cash liquidity buffer of 2.9 billion, down from 4 billion the previous week, implying

    19%

  9. The conundrum of Greek olive oil exports
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    gourmet products which are winning awards. The recognition they get might spur a change in economic... of olive oil for export, beautifully packaged to attract the international market. But even finding

    18%

  10. Questions persist about timing of general elections
    Photo by MacroPolis

    PoliticsGreek Politics

    as a spur for the party’s supporters, many of whom have moved to the “undecided” category since... the conservatives’ winning ticket. This could lead to a crushing defeat for Tsipras and his party later in the year

    17%