Greek banks will place over 7 billion euros in the bond market

·

Greek banks will be able to place approximately 7 to 8 billion euros in the bond market from March when according to all indications the ceiling set by the European Central Bank on Greek banks’ purchases of Greek state long term bonds will be lifted.

Today the four Greek systemic banks can’t keep in their portfolio Greek state bonds with total value over 9 billion euros. 

Finance Minister Christos Staikouras said that this ceiling is going to be lifted very soon. According to the European Central Bank supervision mechanism SSM, the lifting is very probable to be held until the end of March. Bank executives expect this move to help the domestic state bond market by increasing its depth and liquidity, while at the same help create additional revenue form banks which will be able to place part of their liquidity -currently enclaved in the negative yields of Treasury bills into bonds with positive yields.

Sourced via AMNA.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Spurs sack Ange Postecoglou despite Europa League glory

Tottenham Hotspur have confirmed that Ange Postecoglou will not continue as manager next season, despite ending the club’s 17-year trophy drought with a Europa...

Meet TIFFANY: The Greek Australian artist making waves in RnB

Are you looking for your new favourite Greek artist who combines unique sounds of RnB, house and EDM music?

Heirs of a Greek inheritance: Most common problems to deal with

There are many people of Greek descent all over the world whose parents or other close relatives had properties in Greece.

Niki Louca shares her family favourite Indokaridopita (coconut cake) recipe

It is a cake her aunty Panayiota used to make often in years gone by, and one she hasn’t had for a long time.

Naz Vardar to give Melbourne seminar on shaping Vlach identity

The focus lies on the story of a Vlach priest navigating his way within the local Vlach community in Manastir (Bitola).

You May Also Like

From Cyprus to Australia: A Greek Cypriot refugee’s story of loss and renewal

Georgia Yiannoukas’ early life in Paphos, Cyprus was without financial difficulties. She could never imagine she’d become a refugee.

US State Department praises Greek handling of Ukraine crisis

The US Department of State praised Greece on Tuesday for its fast and effective reflexes during the Ukrainian crisis.

Greek Community of Melbourne presents new online seminar on ‘Our PAOK’

Titled 'Bizim PAOK – Our PAOK: Refugees, Sports, and Venizelism in Interwar Thessaloniki,' the seminar will be presented on Thursday 6 August.