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EconomyMacroeconomy
Credit standards tougher in Q2, expected to tighten further Credit standards for corporate loans tightened quarter on quarter (QoQ), according to the Bank of Greece (BoG) bank lending survey (BLS) for the second quarter (Q2) of 2015.
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Economy
What the ECB's latest decision on ELA and collateral haircuts means for Greek banks The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros.
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Economy
After 'No' vote, pulling Greek banks back from brink a priority With a clear win of ‘No’ vote in Greek referendum, the situation for Greek banks is expected to remain on the brink with a negative outlook.
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Economy
Greek banks' liquidity position at the centre of attention An extraordinary meeting was held on Friday afternoon to assess the liquidity position of Greek banks after the imposition of capital controls on June 29.
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EconomyMacroeconomy
Greek deposit rate almost stable, loan rate slightly up in May The interest rate on Greek households’ new time deposits marginally slipped for the second straight month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according to the Bank of Greece (BoG).
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Economy
Referendum and the ECB to determine the future of Greek banks The ECB Governing Council decided yesterday to maintain the Emergency Liquidity Assistance (ELA) funding of Greek banks at current levels. Moreover, despite earlier rumors, the ECB did not take any decision on an increase on the haircut applied to ELA collaterals.
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Economy
What capital controls will mean for Greek banks, customers and the economy As was expected, the referendum announced by the Greek Prime Minister Alexis Tsipras on Friday evening triggered a series of negative repercussions for the Greek banking system.
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Economy
Referendum call finds Greek banks teetering on the edge The Eurogroup rejected on Saturday the Greek government’s proposal for a one-month extension of the current bailout programme, which expires on June 30, Greek banks are facing a dramatic situation.
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EconomyMacroeconomy
Credit contracts by slower rate of 2.1 pct in May Greek bank credit contraction further decelerated to 2.1 percent in May from 2.4 percent in April, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Deposit outflows eased to 3.86 bln in May, balance below 130 bln Greek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr, according to the Bank of Greece (BoG).