Greek banks cut borrowing from Eurosystem in August

Greek banks cut their borrowing dependence from the Eurosystem to 45.2 billion euros in August from 50.5 billion a month earlier, the Bank of Greece said on Thursday.

The central bank said Greek banks’ dependence from the ELA mechanism fell to 30.8 billion euros in August, from 34.6 billion in July, while dependence from European Central Bank’s liquidity mechanism fell to 14.4 billion euros in August from 15.8 billion in July.