Greek banks' ECB funding drops in June, ELA up
ATHENS, July 11
ATHENS, July 11 (Reuters) - European Central Bank funding to Greek banks fell by 4.26 billion euros ($5.55 billion) in June while emergency liquidity assistance (ELA) from the country's central bank increased by 930 million, Bank of Greece data showed on Thursday.
Greek banks resumed funding from the ECB in December. Borrowing from the ECB is about two percentage points cheaper than ELA funding.
ECB funding to Greek banks dropped to 61.14 billion euros in June from 65.39 billion euros in May, while emergency liquidity assistance from the Bank of Greece rose to 20.86 billion euros from 19.93 billion euros a month earlier.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp |
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief