ATHENS Jan 21 European Central Bank funding to
Greek banks rose by 13.75 billion euros in December while
emergency liquidity assistance from the country's central bank
fell slightly, Bank of Greece data showed on Monday.
Greek banks resumed funding directly from the European
Central Bank in December. ECB funding is about two percentage
points cheaper than ELA funding.
Lending from the European Central Bank to Greek lenders rose
to 19.35 billion euros at the end of December from 5.605 billion
a month earlier, the Bank of Greece said.
In contrast, Greek banks had tapped a total of 101.85
billion euros in emergency liquidity assistance (ELA) from the
Greek central bank at end-December, down from 123.29 billion in