Greek banks will place over 7 bln euros in the bond market
- Written by E.Tsiliopoulos
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 lifing 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.
Related items
- Lamda Development the only Greek company on 'TIME100 Most Influential Companies' list for 2024
- Annual inflation in Greece at 2.3 pct in May 2024, according to Eurostat flash estimate
- Posidonia 2024: We want more ships registered, related businesses in Greece, Shipping Min says
- Former PM Tsipras meets with a large delegation of the Chicago Council on Global Affairs and HALC Pres. Zemenides
- ATTICA GREEN EXPO 2024: Deputy Tourism Min Rapti advocates sustainable tourism
Latest from E.Tsiliopoulos
- Lamda Development the only Greek company on 'TIME100 Most Influential Companies' list for 2024
- Annual inflation in Greece at 2.3 pct in May 2024, according to Eurostat flash estimate
- Posidonia 2024: We want more ships registered, related businesses in Greece, Shipping Min says
- Former PM Tsipras meets with a large delegation of the Chicago Council on Global Affairs and HALC Pres. Zemenides
- ATTICA GREEN EXPO 2024: Deputy Tourism Min Rapti advocates sustainable tourism