September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity
Photos by Dennis Skley via Flickr
Photos by Dennis Skley via Flickr

Greek banks’ Eurosystem funding fell by another 3.15 billion euros in September after a drop of 4.39 billion in August, Bank of Greece's (BoG) monthly financial statement showed on Thursday.

The central bank funding balance edged down for the 15th successive month to 75.31 billion euros at the end of September, which is the lowest reading since December 2014, when Eurosystem funding stood at 56.04 billion.

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