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Greek banks decrease ELA borrowing

18 September 17 - RE+D Magazine
Greek banks decrease ELA borrowing

COMPANIES

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Greek banks cut their borrowing dependence from the Eurosystem to 45.2 billion euros in August from 50.5 billion a month earlier, the Bank of Greece said on Thursday.

 

The central bank said Greek banks’ dependence from the ELA mechanism fell to 30.8 billion euros in August, from 34.6 billion in July, while dependence from European Central Bank’s liquidity mechanism fell to 14.4 billion euros in August from 15.8 billion in July.

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