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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyby a total amount of 4.1 billion to 86.9 billion on October 22 for a 2-week period until November 4... for almost 70 percent of that month’s outflows. At the same time, Greek banks’ Eurosystem funding... at the end of September. Over the past three months, Central Bank funding has fallen by a cumulative
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Banks’ EFSF bonds QE eligible but with little impact on liquidity
Economyin the programme. The bulk of banks’ EFSF bond holding were used until now as collateral for ECB funding... in the form of ECB funding with the cash they would get from the EFSF bond sales reducing accordingly their ECB funding reliance, which is currently provided at almost zero interest rates. From an accounting
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyby 3.9 billion until July 6, which indicates the sharpest drop since December. The last ECB decision... billion respectively. A the same time, Greek banks’ Eurosystem funding fell for the eleventh... in the Emergency Liquidity Assistance (ELA) funding by 2.08 billion to 64.81 billion, its lowest level since
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingtargets to reduce its NPLs and NPEs by around 14 billion from June 2016 until the end of 2019... million. The NII increase mostly reflects lower funding cost due to reduced reliance on Emergency Liquidity Assistance (ELA) funding and repo cost at negative rate, which more than offset the negative
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Check, please: How much Alexis Tsipras's first months cost Greece
AgoraEurogroup of 2016 did not lead to the conclusion of the second review. Instead, it dragged on until June... to a significant funding and liquidity squeeze for his government. The Finance Ministry had to postpone or delay a large part of non-payroll costs from March 2015 to cover its imminent external funding
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November deposit inflows stay negative by 79.4 mln for second consecutive month
EconomyMacroeconomyin positive deposit inflows into the Greek banking system until recently. In November last year... deposit movements, Greece's banks have been phasing out their reliability on Eurosystem funding. The BoG’s most recent monthly financial statement showed that Eurosystem funding fell by 978 million
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Newsletter 424 - 24/05/2024
left until the European Parliament elections in Greece and the spotlight is gradually shifting from... becomes more complex as the process of the funding reaching the economy is moving at a significantly... ownership of specific approved projects. The pace at which funding is reaching Greek companies is even
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Debt position a bulwark against global turbulence
EconomyMacroeconomybelow 10 billion euros until 2033, the only year that the threshold is surpassed. In 2024, Greece’s total annual funding needs dropped below the critical level of 10 pct of GDP and they are seen... the yield curve and their small size poses limited risks. Greece’s total funding needs for the year
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Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
Economytravel spending to fall by 1.5 percent in 2014 and rise by 6.4 percent per annum until 2024. Lower... data also unveiled some interesting findings for the sector, including the realisation that tourists
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Samaras hopes for Merkel fillip as gloom grips Greek coalition
PoliticsGreek Politicsthan wait until March and be forced to hold them after suffering a damaging defeat in Parliament... believe the leftists would not be able to govern effectively) but the survey findings make most alarming
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