ATHENS, June 12 European Central Bank (ECB)
funding to Greek banks fell in May by 8.18 billion euros, while
emergency liquidity assistance (ELA) from the country's central
bank decreased by 3.12 billion euros down to zero, Bank of
Greece data showed on Thursday.
ECB funding to Greek banks dropped to 50.66 billion euros
from 58.84 billion euros in April, while emergency liquidity
assistance from the Bank of Greece was totally repaid.
Erasing exposure to emergency funding from the Bank of
Greece helps boost banks' net interest income as borrowing from
the ECB is about 2 percentage points cheaper than ELA funding.
(Reporting by George Georgiopoulos; Editing by Karolina