ECB funding to Greek banks falls by 1.5b euros in July
[ATHENS] European Central Bank funding to Greek lenders fell by 1.5 billion euros in July due to cash deposit inflows that month, Bank of Greece data showed on Monday.
Emergency funding, which is more costly than borrowing from the European Central Bank, fell to 85.3 billion euros in July from 86.8 billion in June, the data showed.
Greek banks have relied on the so-called emergency liquidity assistance (ELA) from the Greek central bank since February after being cut off from the ECB's funding window due to stalled bailout talks between the Greek government and its lenders.
The cap on ELA funding which Greek banks can draw stands at 91 billion euros.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Cut aid for livestock farms to help climate fight, World Bank says
PM Modi votes as India’s marathon election heats up
US, Chinese climate negotiators meeting on greenhouse gas curbs
Japan’s service activity extends gains on solid demand, PMI shows
Australia’s retail sales volumes fall 0.4% in Q1
Xi bristles at criticism of China over the war in Ukraine