ECB funding to Greek banks rises 2.9 pct m/m in Nov

ECB funding to Greek banks .FTATBNK rose 2.9 percent at the end of November from the previous month, Greek central bank data showed on Tuesday. Lending to euro area credit institutions related to monetary policy operations, which reflects ECB lending to Greek banks, stood at 95.05 billion euros ($127.5 billion) compared to 92.4 billion at the end of October, the Bank of Greece (BOGr.AT) statement said.

Greek banks lost wholesale market access in the wake of the country's debt crisis, becoming increasingly reliant on the ECB. ECB funding stood at 49.7 billion euros at the beginning of the year. Some Greek lenders have recently begun to open up credit lines with foreign banks. 

News source: Reuters link: article