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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomyGreek private sector deposits fell 0.3 percent month on month (MoM) in February, with balances reaching 160.54 billion euros, according to the Bank of Greece (BoG).
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomyGreek 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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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomyFollowing 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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Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln
EconomyMacroeconomyGreek 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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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyThe 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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What lies at the heart of differences over Greek banks' capital needs?
EconomyFollowing 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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Where Greek banks stand ahead of capital needs disclosure
EconomySenior 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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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyGreek 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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Greek banks' capital backstop and the funding gap: An uneasy relationship
EconomyThe 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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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyGreek 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.