Repurchase agreement

The Central Bank of Turkey on April 25 kept its one-week repo rate - also known as the policy rate - constant at 24 percent.

The Turkish Central Bank on Jan. 16 kept its one-week repo rate - also known as the policy rate - constant at 24 percent.

The Turkish Central Bank on Dec. 13 kept its the one-week repo rate - also known as the bank's policy rate - constant at 24 percent.

The recent sale of non-performing loans by the Bank of Cyprus worth 2.8 billion euros is a positive step, according to Moody's credit rating agency.

Moody's Investors Service pointed out in a September 3 report that the sale would reduce significantly the overall NPL burden of the Bank while also increasing its capital reserves.

The Turkish Central Bank has decided to keep the one-week repo rate -- policy rate -- constant at 17.75 percent, bucking expectations of an increase after inflation spiked to a 14-year high in June.

Turkey's Central Bank held its first repo auction for 18 months on June 1 and the lira continued to slide, as investors focused on inflation data due next week.

The Turkish Lira gained 0.3 percent against the dollar on May 29, a day after the Central Bank said it would return to using the one-week repo rate as its benchmark and as Deputy Prime Minister Mehmet Şimşek met investors in London.

The European Commission's compliance report for Greece, revised for last Monday's Eurogroup meeting, provides for the strengthening of the so-called cash buffer from repos too.

This source of cash would ease the pressure for takings from two planned bond issues by the end of the bailout program so as to quickly gather the necessary funds.

National Bank of Greece has brought its dependence on the central bank's emergency liquidity assistance (ELA) mechanism down to zero.

This satisfies the pledge NBG's management had made for disengagement from the expensive system of cash supply by the end of 2017.

After a long time Greek treasury bills are being accepted by foreign banks on the interbank market as collateral for the funding of the country's systemic lenders. Kathimerini understands that there have been repurchase (repo) transactions with T-bills amounting to 1 billion euros in the last few weeks.