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Local governments transfer 600.3 mln euros to BoG

Local government and other public entities' cash reserves transferred to Bank of Greece as a result of a recent legislative act come to 600.3 million euros, government spokesman Gavriil Sakellaridis said on Tuesday.

The information has been published following a relevant question during Monday's press briefing.

"Following the implementation of the legislative act (20/4/2015), up to yesterday local governments have transferred 64.5 million euros and other general government bodies 535.8 million euros to the Bank of Greece, a total of 600.3 million euros," according to the announcement.