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How Greek banks can balance on the collateral tightrope
Agora’ deposits helps the government covering mainly its external funding needs, yet it has a direct negative... (ELA) funding. Based on the latest official BoG figures, Greek banks used ELA funding of 74.4 billion euros by the end of April. At the same time, their ECB funding, almost entirely made up by EFSF
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingto higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million...-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding... funding increased to 23.6 billion in Q1 from 14.8 billion in Q4. The year to date movement reflects
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Greek pensions: The unsolvable equation
Agoratook a major hit not only as a result of people dropping out the labour force en masse but also due... of funding pensions and benefits has been one of the key factors that contributed... of 2009, barely two months after it took office. In 2008 the funding needs of Greece’s pension funds
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingdeposit cost was almost offset by the higher funding cost primarily attributed to the increased reliance on the Emergency Liquidity Assistance (ELA) funding. In addition, due to the continued loan... of December. Eurosystem funding decreased by 2.7 billion euros QoQ to 24.4 billion at the end
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorapercent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from reduced Emergency Liquidity Assistance (ELA) funding and improving deposit spread and mix. However, NII... rise in ELA funding, from zero in the second half of 2014 to a peak of 86.8 billion in June 2015
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Newsletter 104 - 27/01/2017
and matched funding. The ESM reiterated that the implementation of these short-term debt relief measures... pensioners. 2 Eurosystem funding falls for 18th successive month Greek banks have cut... a decrease in emergency liquidity assistance (ELA) funding by 1.37 billion. Greek banks’ Eurosystem funding
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Newsletter 111 - 17/03/2017
in the previous three quarters. Eurosystem funding falls for 20th month in a row ELA funding increased by 330 million in February Greek banks’ Eurosystem funding fell for the 20th successive month, albeit... balance in central bank funding hit 61.88 billion, the lowest reading since late 2014. However
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Newsletter 123 - 16/06/2017
clearly that no funding would be released until there is more clarity on the debt measures. Lagarde... not attained by the Greek side. Tax debt rises again in April Eurosystem funding to Greek banks falls... and stood at 3.94 million at the end of April. Greek banks’ Eurosystem funding dropped for the 23rd
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Newsletter 148 -26/01/2018
. Eurosystem funding up by 786 mln in December Rise driven mainly by an increase in Emergency Liquidity Assistance Since the start of 2017, Eurosystem funding declined by 32.95 billion euros. Greek banks’ Eurosystem funding rose by around 786 million euros in December according to the Bank of Greece's
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Newsletter 174 -14/09/2018
for the latest 12-months since August 2017 remained at 0.5 percent. Eurosystem funding down to 12.63 bln... of Eurosystem funding for August revealed that for a fifth consecutive month, ECB funding made up the majority of total liquidity at 64.5 percent. Greek banks’ Eurosystem funding declined by 382.1 million
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