Greek banks’ borrowing from ECB down in March

Greek banks’ dependence on borrowing from the European Central Bank (ECB) declined in March, according to figures released by the country’s central Bank of Greece (BoG).
According to the BoG, Greek banks’ overall borrowing from the ECB fell to 87.9 billion euros in March from 90.4 billion euros in April.

The liquidity forthcoming from the ECB to Greek banks has fallen by 9.8 billion euros since the beginning of the year, the central bank said, attributing the decline to the policy of reducing loan extension followed by the Greek banks.