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EconomyMacroeconomy
Greek banks' Eurosystem funding down for second month in a row in Feb Greek banks’ Eurosystem funding eased for the second straight month by 2.85 billion in February, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled at 67.99 billion, below the 70-billion mark for the first time since March 2010.
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EconomyMacroeconomy
Eurosystem funding for Greek banks eases by 2.18 bln in January Following a brief rise in December, Greek banks’ Eurosystem funding resumed its downward trend in January easing by 2.18 billion euros, according to the Bank of Greece (BoG) monthly financial statement.
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EconomyMacroeconomy
Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln Greek private sector deposits fell 1.4 percent month on month (mom) in January with balances reaching 161.03 billion euros, according to the Bank of Greece (BoG).
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EconomyMacroeconomy Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept The year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG).
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Economy
What lies at the heart of differences over Greek banks' capital needs? Following a meeting last week between Bank of Greece (BoG) senior officials with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus), where the central bank reportedly informed lenders that their capital needs amount to around 5 billion euros, a Financial Times report published on Monday puts things in a completely different perspective.
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Economy
Where Greek banks stand ahead of capital needs disclosure Senior officials from the Bank of Greece (BoG) met on Thursday with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus) and informed them about the outcome of the Blackrock loan diagnostic and their individual capital needs.
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EconomyMacroeconomy
Deposits up again in December but credit contraction continues apace Greek private sector deposits increased 1.4 percent month on month (mom) for the second straight month in December with balances reaching 163.25 billion euros, according to the Bank of Greece (BoG).
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Economy
Greek banks' capital backstop and the funding gap: An uneasy relationship The recapitalisation of Greek banks carried out in June 2013 put an end (at that time) to a long period of uncertainty regarding the bolstering of their capital base and ability to raise fresh money from private investors.
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EconomyMacroeconomy
Greek banks' reliance on Eurosystem funding rose in December for first time since April Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts.
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EconomyMacroeconomy
Deposits edged up in Nov but credit contraction was close to 4 pct Greek private sector deposits increased by 0.4 percent month on month (mom) in November, for the first time since May, with balances reaching 161.04 billion euros, according to the Bank of Greece (BoG). Net inflows stood at 394 million in November from outflows of 630 million in October.