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Athens Macedonian News Agency: News in English, 12-07-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Local banks cut dependency on emergency fund in June

  • [01] Local banks cut dependency on emergency fund in June

    AMNA / Greek banks significantly cut their dependence from the Bank of Greece's Emergency Liquidity Assistance facility to 61.9 billion euros in June, down from 124 billion euros in May.

    The central bank, in a report, said a decision by the European Central Bank to stop accepting Greek bonds as collateral in May technically inflated Greek banks' borrowing from ELA and noted that the situation returned to more normal operations in June, when the ECB returned to the previous status of funding Greek financial institutions by accepting Greek state bonds as collateral.www.amna.gr

    Greek banks' dependence from the European Central Bank's funding operations rose to 73.7 billion euros, from 62 billion euros in April. amna


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