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Athens Macedonian News Agency: News in English, 12-05-31
CONTENTS
[01] ECB resumes lending to four Greek banks after recapitalisation
[01] ECB resumes lending to four Greek banks after recapitalisation
European Central Bank (ECB) President Mario Draghi announced that it has
resumed lending to four Greek banks following their recapitalisations,
during a discussion in the European Parliament's Economic and Monetary
Affairs Committee.
Speaking in his capacity as Chair of the European Systemic Risk Board
(ESRB), Draghi reassured MEPs that the ECB would keep open its liquidity
lines to all solvent banks and had just begun lending again to four
Greek banks, further to their recapitalisations.amna
The ECB had announced on May 16 that it had temporarily stopped lending
to National Bank of Greece (NBG), Eurobank, Alpha Bank and Piraeus Bank
to limit its risk, until they sufficiently boosted their capital.
Following the finalisation of the recapitalisation process of the four
banks, they have now regained access to standard Eurosystem refinancing
operations.www.amna.gr
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