MacroPolis

ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015

The Bank of Greece (BoG) said on Thursday that the European Central Bank increased the Emergency Liquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following a request made by BoG.

Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns

In an interview with Skai TV on Wednesday, the head of the Single Supervisory Mechanism (SSM) Daniele Nouy confirmed that the first two months of the year were “a little bit disappointing” regarding both the deposit flow and the evolution of non-performing exposures (NPEs) of Greek banks.

Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April

Greek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement revealed on Monday.

Multiple potential benefits await Greece if it can clinch QE eligibility

By: Manos Giakoumis

If it manages to conclude the second review, Athens has its heart set on the inclusion of Greek government bonds (GGBs) in the European Central Bank’s quantitative easing (QE) programme, which requires the eurozone central bank to deem Greece’s debt sustainable.

Piraeus Bank appoints new CEO, ending a long period of uncertainty

Piraeus Bank announced on Wednesday evening that Christos Megalou was unanimously elected as CEO by the bank’s Board of Directors.

Stable deposit rate in Jan, slight uptick in loan rate

The new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight month and landed at 0.69 percent in January, Bank of Greece (BoG) figures showed on Friday.

Greece and creditors dive into details of measures and counter-measures

The second day of negotiations between the Greek government and the institutions’ mission chiefs included a lengthy (4-hour) meeting on the measures and counter-measures that will be legislated now and implemented until 2020.

Eurosystem funding drops at sharper pace of 3.6 bln in Jan

Greek banks’ Eurosystem funding fell at an accelerating pace of 3.61 billion euros in January after a drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.

Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln

The rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday.

Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec

The Greek market recorded outflows of 1.53 billion euros in January after the seasonally high inflows of 2.8 billion in December, Bank of Greece (BoG) figures revealed on Tuesday.