Category Archives: Greek banks

Greek banks Eurosystem funding fell by €9bn m-o-m in May

Latest BoG data show that Greek banks’ Eurosystem funding dropped by €9.0bn m-o-m in May, most likely reflecting higher interbank funding and deposit inflows. What is also important is that, after a temporary hike in April, ELA funding contribution to … Continue reading

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Credit contraction marginally decelerated to 3.4% in April

According to latest BoG data, credit contraction in the Greek market marginally decelerated to 3.4% y-o-y in April from 3.5% March with balances reaching €226.3bn corresponding to 119.2% of GDP. Loan balances eased 0.9% m-o-m (for tenth consecutive month) with … Continue reading

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Deposit outflows at €1.57bn in April

Latest BoG data show that deposit flow in the Greek market remained negative for second consecutive month in April with outflows increasing to €1.57bn from of €0.14bn in March and inflows of €2.69bn in February. April negative flow is most … Continue reading

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Greek banks Eurosystem funding rose by €2.4bn in April

Latest BoG data show that Greek banks’ Eurosystem funding rose by €2.4bn m-o-m in April, most likely reflecting deposit outflows in the aftermath of recent developments in Cyprus. It is noteworthy that Central Bank funding had dropped by c€37bn in … Continue reading

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Credit contraction decelerated to 3.5% y-o-y in March

According to latest BoG data, credit contraction in the Greek market decelerated to 3.5% y-o-y in March from 3.9% in February from 4.0% in the previous two months with balances reaching €228.4bn corresponding to 119.5% of GDP.

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Marginal deposit outflows of €0.14bn in March

Latest BoG data show that deposit flow in the Greek market turned marginally negative in March with outflows of €0.14bn following inflows of €2.69bn in February and slight outflows of €0.17bn in January. March negative flow is attributed to time … Continue reading

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Greek banks’ Eurosystem funding fell by €4.4bn m-o-m in March

Latest BoG data show that Greek banks’ Eurosystem funding dropped by €4.4bn m-o-m in March, following a €11.3bn and €13.5bn decline in February and January respectively, with cheaper ECB funding accounting for more than ¾ of total Central Bank funding.

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Credit contraction marginally decelerated to 3.9% y-o-y in February

According to latest BoG data, credit contraction in the Greek market marginally decelerated to 3.9% y-o-y in February from 4.0% in the previous two months with balances reaching €225.0bn corresponding to 117.1% of GDP.

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Deposit inflows at €2.7bn in February – Balances up 1.9% m-o-m to €164bn

Latest BoG data show that deposit flow resumed a positive trend in the Greek market in February with inflows of €2.69bn following the marginal outflows of €0.17bn in January and the significant inflows of €5.75bn in December.

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Greek banks’ Eurosystem funding further eased by €11.3bn m-o-m in February ‘13

Latest BoG data show that Greek banks’ Eurosystem funding dropped by €11.3bn m-o-m in February, following a €13.5bn decline in January, with a further shift in the mix towards the cheaper ECB funding.

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Greek banks’ Eurosystem funding dropped by €13.5bn m-o-m in January ‘13

Latest BoG data show that Greek banks’ Eurosystem funding dropped by €13.5bn m-o-m in January with a material change in the mix towards the cheaper ECB funding. In particular, ECB funding almost quadrupled soaring €56.9bn or 294% m-o-m to €76.22bn … Continue reading

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Credit contraction remained stable at 4.0% y-o-y in January

According to latest BoG data, credit contraction in the Greek market remained stable at 4.0% y-o-y in January following a deceleration recorded in the previous months (from 4.8% in October to 4.0% in December) with balances reaching €225.5bn corresponding to … Continue reading

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Marginal deposit outflows of €0.17bn in January

Latest BoG data show that deposit flow turned marginally negative in the Greek market in January with outflows of €0.17bn following the significant inflows of €5.75bn in December. January flow reflects time inflows of €3.17bn offset by sight and savings … Continue reading

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Credit contraction decelerated to 4.0% in December

According to latest BoG data, credit contraction in the Greek market decelerated for second consecutive month to 4.0% y-o-y in December from 4.6% y-o-y in November and 4.8% in October, with balances reaching €227.7bn corresponding to 117.4% of GDP.

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Significant deposit inflows of €5.7bn in December

Latest BoG data show positive deposit flow for fourth consecutive month with significant inflows of €5.66bn in the Greek market in December (the highest monthly figure since December ’08) from €0.67bn in November and €1.0bn in October.

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Greek banks’ Eurosystem funding dropped 6% m-o-m in December

Latest BoG data show that Greek banks’ ECB funding rose by €13.7bn m-o-m to €19.3bn in December from €5.6bn in November. At the same time, BoG liquidity provided to Greek banks through the ELA mechanism dropped €21.4bn m-o-m to €101.9bn … Continue reading

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Greek credit contraction at 4.6% in November

According to latest BoG data, credit contraction in the Greek market slightly decelerated to 4.6% y-o-y in November from 4.8% in October, with balances reaching €229.8bn corresponding to 117.7% of GDP.

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Greek deposit inflows at €0.67bn in November

According to latest BoG data, deposit [private sector] flow remained positive for third consecutive month in November with inflows easing to €0.67bn from €1.0bn in October and €1.16bn in September.

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Key highlights of BoG report on the recapitalisation and restructuring of Greek banks

Top-4 (core) banks released 9M’12 (as well as H1’12) results on December 20 & 21. Unlike previous quarters, the key focus was on the disclosure of their capital needs rather than their financial performance, which mainly reflected the prevailing adverse … Continue reading

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Greek banks’ Eurosystem funding almost stable m-o-m in November

Latest BoG data show that Greek banks’ ECB funding slightly eased by €0.9bn m-o-m to €5.6bn in November from €6.5bn in October. At the same time, BoG liquidity provided to Greek banks through the ELA mechanism marginally rose by €0.5bn … Continue reading

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