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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomyhighest level since August 2011. In addition, ELA funding rose from zero since May 2014 to 5.23... Greek banks (Alpha, Eurobank and Piraeus) submitted requests to BoG for resorting to the ELA mechanism... government bonds and T-Bills. On February 18, the ECB approved a further two-week extension of the ELA
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyto a month-on-month drop in the Emergency Liquidity Assistance (ELA) funding by 1.48 billion euros to 85.29... zero at the end of December. The ECB had kept the ELA limit for Greek banks stable until mid-July... agreement. So, we conclude that the lower ELA use in July most likely reflects increased deposit
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding for the second straight month by 1.34 billion to 83.95 billion... the ELA limit for Greek banks by 1.3 billion to 89.7 billion, on the back of improving liquidity.... On September 3, ECB decided to further lower the ELA limit by another 600 million to 89.1 billion. However
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyto a sharp decrease in the Emergency Liquidity Assistance (ELA) funding by 8.57 billion, at the fastest pace since July. Over the past six months, ELA funding has been trimmed by 17.86 billion... of the ELA funding was replaced by the much cheaper ECB funding largely as a result of the ESM bonds
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Newsletter 121 - 02/06/2017
International Airport SA offer to extend 20-year concession Greece’s economic sentiment (ESI) fell... Commission (EC) figures showed. The ESI settled at 93.2 in May, which is the lowest reading since February... is almost attributed to corporate sector net additions of 763 million outpacing household lending deductions
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Industrial turnover records five months of contraction after 6.2 pct drop in Aug
EconomyMacroeconomymonths, to -1.3 pints after a rise of 2.6 points in the previous month. Since October last year, industry confidence has risen by 4 points. Overall, economic sentiment (ESI) recorded a drop of almost 3
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomythe Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion... today’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August... banks’ liquidity position. According to the latest official data, Greek banks’ ELA funding stood
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Newsletter 32 - 26/06/2015
assistance (ELA), which reached a total of 77.58 billion euros at the end of May – the highest it has been since December 2012. ELA reached a total of 77.58 billion euros at the end of May. May saw... is in charge. It smacked of payback for the numerous verbal pot-shots that Tsipras and Finance Minister
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Newsletter 211 -21/06/2019
to land some verbal blows on his opponent. New Democracy announced on Tuesday 419 candidates... their dependency on emergency financing from the central bank (ELA), a sign of normalisation in funding... industrial groupings. Eurosystem funding drops by 399 mln in May Figure for ELA collateral falls to zero
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingto 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
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