Tag Archives: Liquidity

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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EC spring forecasts on Greek economy

European Commission (EC) released on May 3 (Holy Friday for Greek Orthodox) its spring economic forecasts on Greek economy under the title “Contraction combined with a rebound of confidence” noting that a recovery in the Greek economy is expected to … 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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Key highlights of latest IMF report on Greece

The Executive Board of the IMF completed on January 16 the first and second review of Greece’s economic performance enabling the disbursement of the €3.24 tranche. Following Executive Board’s discussion, IMF Managing Director Christine Lagarde issued a brief statement with … 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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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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Greek banks’ Eurosystem funding marginally eased in September

Latest BoG data depict that Greek banks’ ECB funding marginally eased by €0.6bn or 2.0% m-o-m to €30.3bn in September. At the same time, BoG liquidity provided to Greek banks through the ELA mechanism remained almost flat (down €0.2bn or … Continue reading

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