Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity

Greek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.

The most important development though was the decline in the Emergency Liquidity Assistance (ELA) funding by 775 million in March after a brief rise of 334 million in the previous month. The latter, which was the first increase since April 2016, was att...

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