Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April

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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April

EconomyMacroeconomy 14/03/2017 - 09:32 Tags: Banking, BoG, ECB, Liquidity

Greek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement revealed on Monday.

The outstanding balance of central bank funding landed at 61.88 billion euros, which is the lowest reading since the end of 2014.

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