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ECB
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Economy
What are the implications of the ECB's decision for Greek banks? The European Bank took a surprising decision on Wednesday night to lift the waiver on the use of Greek government bonds as collateral by local banks. Below we examine where this decision leaves Greek lenders.
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Economy
ECB refuses Greek government bonds as collateral: What does it mean? In an unexpected move, the European Central Bank announced on Wednesday night that it is lifting the waiver on Greek banks using junk-rated government bonds as collateral for funding.
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Economy
The state of play with Greek banks' liquidity The ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding.
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EconomyProgramme
Review completion and SMP redemptions will decide Greece's QE eligibility As expected, ECB President Mario Draghi announced today a Quantitative Easing (QE) programme which involves an expanded asset purchase programme up to 1.1 trillion euros. Starting from March, the programme is intended to be carried out until the end of September 2016.
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EconomyMacroeconomy
Eurosystem funding for Greek banks shoots up by 11.2 bln in December Greek banks’ Eurosystem funding shot up by 11.19 billion to 56.04 billion euros at the end of December from 44.85 billion at the end of November, according to the Bank of Greece's (BoG) annual financial statement.
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Economy
Greek banks set for early ELA return in apparent precautionary move Kathimerιni daily revealed on Friday that two of the four systemic banks have submitted requests to the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity Mechanism (ELA), while the other two are expected to follow suit in the coming days.
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EconomyMacroeconomy
Greek banks' Eurosystem funding rises again in November, up by 1 bln Greek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday.
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EconomyMacroeconomy
Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall Following a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion euros in October, according to the Bank of Greece's (BoG) monthly financial statement.
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Economy
ECB tests find negligible capital shortfalls at Greek banks The European Central Bank (ECB) published on Sunday the much anticipated results of its comprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender (Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million euros.
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Economy
ECB stress tests and what they will mean for Greek banks The European Central Bank (ECB) is due to release the results of its comprehensive assessment of the financial health of 130 banks in the euro area at noon (CET) on Sunday. In the two weeks that follow banks will have to submit their capital plans, detailing how capital shortfalls will be covered in the next 6-9 months.