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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsbillion that the Greek government is due from the ECB ‘profit’-rebate agreement; a flexible ELA, a rise..., in association with European investment institutions such as the European Investment Banks, funding... of additional payments to the IMF. These payments create very exceptional pressure on Greece’s funding needs
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomy, Greek banks’ dependence on Eurosystem funding further dropped by 4.3 billion in July reflecting a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.93 billion, while ECB funding also
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Newsletter 92 - 14/10/2016
assistance (ELA) funding by 1.82 and 1.33 billion, respectively. Overall, the Greek banks’ reliance on central bank funding has been reduced by 32.2 billion since the beginning of the year, largely..., respectively. Eurosystem funding fell for the 15th straight month in September, dropping by 3.15 billion
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Newsletter 95 - 11/11/2016
and the emergency liquidity assistance (ELA) funding by 2.24 and 1.29 billion, respectively. Since June 2015, when the third bailout programme was agreed, Eurosystem funding has been reduced by around 55... funding fell by 3.53 billion from the previous month to 71.78 billion at the end of October, which
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBanking. Balance Sheet Eurosystem funding was reduced by 2.5 billion euros QoQ to 18.3 billion mainly reflecting disposal of EFSF bonds and deposit inflows. As a result, ELA funding dropped to 13.2 billion... 1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingyears. Balance Sheet Eurosystem funding increased by 1.8 billion QoQ to 15.7 billion in March, and slowed to 13.8 billion on May 11. The breakdown revealed that Emergency Liquidity Assistance (ELA... an improvement in deposit NII and lower funding costs. Lending spreads in Greece remained under
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBanking. Specifically, the Emergency Liquidity Assistance (ELA) funding fell below the 10-billion mark to 9.9... funding cost. The management expects NII to remain stable for the whole year, on the back of loan... Sheet Eurosystem funding declined by 1.9 billion euros QoQ to 13.8 billion in June and by another
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingin the Emergency Liquidity Assistance (ELA) funding by 2 billion to 8.5 billion. Gross loans further contracted... flat QoQ at 436 million euros as the positive impact from the lower funding cost was outweighed... Eurosystem funding edged up by around 300 million QoQ to 15.8 billion in Q2, while it fell by 2.1 billion
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingin August. The decline mostly relates to a reduction in the Emergency Liquidity Assistance (ELA) funding... loans) of 243 bps versus 278 bps in Q1 and 220 bps a year ago. Balance Sheet Eurosystem funding fell... banks. Furthermore, the outstanding interbank funding stands at 3.5 billion. Gross loans contracted
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About to soar? Greece's economy still needs to be handled with care
AgoraBank (ECB) further reduced the emergency liquidity assistance (ELA) ceiling for Greek banks.... Following the inflows since May, Greek banks’ Eurosystem funding fell for the 25th successive month... substantial for the year, surpassing the drop in June of 2.67 billion. Central bank funding stands at 50.37
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