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ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
EconomyBankingfor Emergency Liquidity Assistance (ELA) funding may be switched to ECB funding. This entails lower cost for banks since the ELA funding cost stands 150 basis points above that of financing from the ECB
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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomysupport guarantees by 2.48 billion and in Emergency Liquidity Assistance (ELA) guarantees by 2 billion Overall, ELA and bank support guarantees edged down to stood at 56.42 and 14.24 billion
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General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) guarantees by 11.56 billion. At the end of June, ELA
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking, increased repos and deposit inflows. In specific, the Emergency Liquidity Assistance (ELA) funding dropped.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... Assistance (ELA) funding notably decreased from 18.3 billion in March to 15.8 billion in June and further
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingAssistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30... and by another 1.7 billion to 13.2 billion in August. In particular, ELA funding more than halved from 11
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Fitch affirms Greece’s rating at ‘CCC’
Economyto face very large funding imbalances with the Emergency Liquidity Assistance (ELA) funding making up 20... small portion (around 7 percent) of ELA funding to be shifted towards the cheaper ECB funding
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) guarantees by 670 million to 45.53 billion. Overall, ELA and bank
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyLiquidity Assistance (ELA) guarantees by 877 million and 1.51 billion respectively. It is also worth... in August, bank support and ELA guarantees landed at 52.17 billion accounting for around 80 percent
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Deposits edge down to 123.5 bln in September on outflows of 379 mln
EconomyMacroeconomyfunding by 1.82 billion to 27.75 billion coupled with a decline in Emergency Liquidity Assistance (ELA... applied on ELA collateral coupled with deposit inflows of around 2 billion.
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