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
-
Ellinikon: 17,000 interested buyers from 110 countries to buy an apartment - The profile and motivations, the new neighborhoods
-
"Dream" double date for Sabalenka and Djokovic in Athens
-
Jim Chanos: Famous Greek-American short seller warns that the collapse of First Brands signals a wave of corporate collapses.
-
Israeli Navy boarded Greek vessel “Oxygen” – More than 18 other ships in the flotilla heading to Gaza intercepted
-
Greek customs broker caught with €3mn cash in China-linked fraud probe
Latest from E.Tsiliopoulos
- Ellinikon: 17,000 interested buyers from 110 countries to buy an apartment - The profile and motivations, the new neighborhoods
- "Dream" double date for Sabalenka and Djokovic in Athens
- Jim Chanos: Famous Greek-American short seller warns that the collapse of First Brands signals a wave of corporate collapses.
- Israeli Navy boarded Greek vessel “Oxygen” – More than 18 other ships in the flotilla heading to Gaza intercepted
- Greek customs broker caught with €3mn cash in China-linked fraud probe
