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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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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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