ATHENS May 14 European Central Bank (ECB)
funding to Greek banks rose in April by 1.03 billion euros while
emergency liquidity assistance (ELA) from the country's central
bank increased by 243 million euros, Bank of Greece data showed
ECB funding to Greek banks rose to 58.84 billion euros from
57.81 billion in March, while emergency liquidity assistance
from the Bank of Greece inched up to 3.12 billion euros in April
from 2.88 billion in the previous month.
Greek banks still depend on central bank funding for
liquidity. Lower exposure to emergency funding from the Bank of
Greece helps boost their net interest income as borrowing from
the ECB is about 2 percentage points cheaper than ELA funding.
(Reporting by Renee Maltezou and George Georgiopoulos)