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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyGreek banks’ Eurosystem funding, the combined liquidity they have received from the European... - for the first time since April 2013 - reflects a marginal increase in ELA funding by 0.37 billion euros to 9.79 billion and a rise in ECB funding by 2.55 billion to 63.23 billion. The latter most likely
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second straight month by 2.85 billion in February... reflects a drop almost equally split between ELA funding (by 1.55 billion to 8.57 billion) and in ECB funding (by 1.30 billion to 59.42 billion). Since deposit figures for February have not yet been
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorafrom last year. The improvement mostly reflects lower wholesale funding cost, stemming from the reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings...’ EFSF holdings to ECB quantitative easing programme. In addition, banks differentiated their funding
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Newsletter 74 - 20/05/2016
), the Public Properties Company (ETAD) and the new Public Holdings Company that will hold the state-controlled... and Eurobank announced they have reached a binding agreement with KKR for the management of NPLs... funding. The vote on Sunday represents the final hurdle that the prime minister has to clear
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Alpha and NBG complete sales of hotels
EconomyBankingthat it concluded a definitive agreement with Home Holdings for the sale of its majority stake (97.3 percent) in the Athens Hilton hotel. Home Holdings was declared preferred bidder for the acquisition of the Hilton on August 5. Home Holdings is owned by Tourism Enterprises of Messinia SA (controlled
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Greek banks see Eurosystem funding drop to lowest level since 2009 in September
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57...) funding was eliminated, the monthly changes in Eurosystem funding fully reflect movements in European Central Bak funding. ECB funding came in at 42.57 billion euros at the end of September from 44.57
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 5.98 billion euros in November following a drop by 2.01..., Eurosystem funding has been trimmed by 13.17 billion euros and largely reflects the reduced uncertainty following the signing of the third bailout programme in summer. The decline in central bank funding
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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the ninth successive month in March at an accelerating... is the lowest reading since February 2015 when central bank funding climbed above the 100-billion-euto mark... Liquidity Assistance (ELA) and the ECB funding. It is largely attributed to replacement of both funding
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Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86.... The absolute figure of Eurosystem funding landed at 95.71 billion euross, which remains the lowest reading since January 2015. The recorded drop in Central Bank funding in May almost equally reflects
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank... Liquidity Assistance (ELA) funding by 5.69 billion to just 2.88 billion, the lowest figure since
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