Tag Archives: Greek deposits

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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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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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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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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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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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 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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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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Key highlights of BoG interim report on Monetary Policy

BoG released on December 3 its interim report on Monetary Policy. We summarize below the key highlights: The latest developments in Greece and the EU send out positive signals. Greece is mobilising both at home and abroad to make up … Continue reading

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Greek banks’ Eurosystem funding slightly eased in October

Latest BoG data depict that Greek banks’ Eurosystem funding slightly eased in October with a c€23bn shift from ECB to ELA funding. In particular, ECB funding dropped by €23.7bn or 78.5% m-o-m to €6.5bn in October, while BoG liquidity provided … Continue reading

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Greek deposit inflows at €1bn in October

According to latest BoG data, deposit [private sector] flow remained positive for second consecutive month in October with inflows at €1.0bn from €1.16bn in September and slight outflows of €0.24bn in August.

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Greek deposits rebounded in September with inflows of €1.2bn

According to latest BoG data, deposits [private sector] rebounded in September with inflows of €1.16bn from slight outflows of €0.24bn in August and inflows of €3.0bn in July.

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Acquisition of Societe Generale’s Greek unit by Piraeus Bank

Piraeus Bank announced on October 19 it signed a definitive agreement with Societe Generale (SocGen) for the acquisition of the latter’s entire stake (99.1%) in its Greek unit, Geniki Bank. The transaction is expected to be consummated before the end … Continue reading

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Alpha Bank acquired Emporiki Bank

Alpha Bank announced earlier today it entered into a contract with Credit Agricole (CA) for the acquisition of 100% of its Greek unit, Emporiki Bank. Note that CA had announced on October 1 it had entered into exclusive negotiations, picking … Continue reading

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Deposit flow reversed in August with slight outflows of €0.24bn

According to latest BoG data, deposit [private sector] flow reversed again in August with slight outflows of €0.24bn following inflows of €3.0bn in July.  It is reminded that outflows had peaked to €6.7bn in June and (a historic high) €9.2bn … Continue reading

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