Monday, June 6, 2011

ECB funding to Greek banks drops 1.3 pct in April













ECB funding to Greek banks .FTATBNK fell slightly in April from the previous month, Greek central bank data showed on Monday.

Lending to Greek banks dropped to 86.8 billion euros ($127.1 billion) at the end of April from 87.9 billion in March, the Bank of Greece said.
Greek banks lost wholesale market access in the wake of the country's debt crisis, becoming increasingly reliant on the European Central Bank.
The ECB's funding to Greek lenders almost doubled last year to 97.67 billion at the end of December from 49.7 billion euros at the start of 2010. 



REUTERS