ELA funding for Greek banks falls by 1.79 bln euros

14 April 2016
687 Views

Emergency central bank funding to Greek lenders fell by 2.6 percent or 1.79 billion euros in March compared to the previous month, Bank of Greece data showed Thursday.

Banks have relied on emergency liquidity assistance (ELA) drawn from the Greek central bank since February last year after being cut off from the European Central Bank’s funding window due to stalled bailout talks between the government and its official lenders.

Emergency funding, which is more costly than borrowing from the ECB, fell to 66.19 billion euros at the end of last month from 67.98 billion in February, the data showed, as liquidity conditions improved.

You may be interested

Al Quaeda terrorist susepct in Greece extradited to the Netherlands
GREECE
shares13 views
GREECE
shares13 views

Al Quaeda terrorist susepct in Greece extradited to the Netherlands

Panos - Jan 28, 2021

A 33-year-old Syrian man accused of involvement in terrorist acts is being extradited from Greece to the Netherlands. The suspect…

Greece sells 10-year bond issue with record-low interest rate
FINANCE
shares11 views
FINANCE
shares11 views

Greece sells 10-year bond issue with record-low interest rate

Panos - Jan 28, 2021

Greece on Wednesday successfully completed a 10-year syndicated bond issue raising 3.5 billion euros from the market. The interest rate…

Reuters: Strong demand for Greek & Austrian bonds
FINANCE
shares32 views
FINANCE
shares32 views

Reuters: Strong demand for Greek & Austrian bonds

makis - Jan 27, 2021

Strong demand emerged today for bond issues from Austria and Greece, which followed larger Eurozone countries that issued bonds earlier…

Leave a Comment

Your email address will not be published.