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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April... Assistance (ELA) funding by 5.86 billion to 74.37 billion. This is the highest reading since December 2012. The rise in the ELA funding in April is similar to the increase of 5.6 billion in the ELA cap set
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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace... euros and indicates the highest reading since December 2012. In addition, the Central Bank funding... billion eurps almost entirely stems from a rise in the Emergency Liquidity Assistance (ELA) funding
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Funding needs take centre stage in row between New Democracy and SYRIZA
Economyelections is the issue of Greece’s funding needs by the end of March and the way they would be covered by the new government. According to Kathimerini daily, the breakdown of funding needs of 4.6... profits. This would mean that Q1 funding needs could be more than covered by these combined tranches
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by 10.17 billion euros in June after increasing by 3.56... for the ninth straight month. In absolute figures, Eurosystem funding reached 126.57 billion at the end... attributed to a jump in the Emergency Liquidity Assistance (ELA) funding by 9.19 billion to 86.77
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Eurosystem funding down by 2 bln in Oct for fourth straight fall
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the fourth straight month in October...) monthly financial statement showed on Monday. Since July, Central Bank funding has been reduced by 7.19 billion. In absolute terms, Euroystem funding landed at 119.38 billion euros in October, which
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Fitch upgrades Greek credit rating to B with stable outlook
EconomyMacroeconomyoptions for covering any funding gap. According to Fitch, these options involve the use of subsector... but this is offset by fragile risk profiles amid the prolonged recession. That said, non-performing
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S&P highlights risks for Greek banking sector
Economyinterest rates, the high stock of non-performing loans (NPLs) and funding imbalances accumulated during the crisis weigh on Greek banks’ financial profiles. The rating agency estimates banks’ non
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Economynote, the banks liquidity has significantly improved with the reliance on central bank funding reduced... advantageous debt profiles of all its rated sovereigns in maturities and interest costs, with the commercial
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyinflows improved the liquidity and funding profiles of the domestic lenders. The banks’ capital base
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Newsletter 391 - 01/09/2023
’s funding needs are kept below or around 10 pct for the decades to come. This is also reflected... of the most favourable maturity profiles even compared to investment grade sovereigns. Added to all
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