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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyby 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial... by Greek banks with BoG slightly increased by 820 million to 164.45 billion. ECB funding edged up... process. BoG data also displayed banknotes in circulation marginally rose by around 50 million to 50.18
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomyto 87.9 billion, Bank of Greece (BoG) said on Wednesday. This was the fourth reduction since August 18... for a third bailout programme with Greece’s eurozone partners in mid August. According to BoG, better... month since mid July. The latest BoG official figures on the actual ELA usage by Greek banks show
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomyby 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s...) compared to that of exports (-12.1 percent), also due to the imposition of capital controls. BoG said... corresponds to lower imports by 4 billion. At the same time, exports fell by 5.8 percent or 1 billion. BoG
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The key points in Greece's new bank recap bill
Economyframework: 1) A bank that has been deemed viable by the Bank of Greece (BoG) may apply to the Hellenic... of Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... that of the BoG governor. In addition, their bonuses are restricted for the period HFSF participates in banks
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Current account surplus widens to 838 mln in Sept on shrinking goods deficit
EconomyMacroeconomy2015 from 609.8 million last year, Bank of Greece (BoG) data displayed on Friday. This means... controls. BoG said that excluding oil and ships, exports did not show a material change. The absolute.... The BoG said that excluding oil and ships, exports increased by 6.7 percent, while the corresponding
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomyThe Bank of Greece (BoG) said on Thursday that the ECB Governing Council decided to reduce.... This decision follows a BoG request mainly on the back of the progress made in the bank recapitalisation... of Commerce, BoG deputy governor Ioannis Mourmouras said that Greece’s QE eligibility after the conclusion
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammefrom resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total... but with a subsidiary in Greece. They will be licensed and regulated by the BoG. Shareholders... will be uploaded on BoG website. An NPL may be sold by a bank only if in the preceding 12 months the debtor did
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomybillion in October, Bank of Greece's (BoG) monthly financial statement displayed on Monday. This means... to the collateral Greek banks pledged with the BoG falling by 3.61 billion euros to 155 billion at the end... in the ECB-funding collaterals to 37.29 billion euros in November. BoG financial statement also showed
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Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
EconomyMacroeconomyfrom a deficit of 456.1 million last year, Bank of Greece (BoG) data showed on Monday. The October... reflects a 23.2 percent dive in imports, while exports fell at a slower pace of 13.1 percent. The BoG..., with exports and imports at 20.7 and 34.85 billion respectively. The BoG said that excluding the impact
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyby 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance.... The decrease in the ELA reliance also led to a reduction in Greek banks’ collaterals pledged with the BoG... in the recapitalisation process and correspond to the higher ECB funding withdrawn in December. BoG
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