Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015

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

Greek banks’ Eurosystem funding dropped by 1.87 billion euros in December, at a slower pace compared to the decline of 3.3 billion in the previous month, Bank of Greece's (BoG) annual balance sheet revealed on Friday.

Specifically, ELA funding landed at 43.67 billion euros. This is its lowest level since January 2015, when it stood at 5.23 billion before starting a sharp increase peaking to 86.77 billion in June 2015, before the signing of the third bailout programme.

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