Bank of Greece dismisses media reports of deposit outflow

The Bank of Greece issued a statement at midday on Sunday, stressing that the situation with bank deposits is “under control”…

The Bank of Greece issued a statement at midday on Sunday, stressing that the situation with bank deposits is “under control” dismissing reports of a deposit outflow.

In the past few days reports in the Greek media have suggested that there has been a significant deposit outflow, which is attributed to the “political uncertainty” generated by the upcoming elections later in January.

Furthermore, the Bank of Greece has also dismissed reports suggesting that the date of the elections – 25th of January – is a milestone for the provision of credit lines.

On the contrary, the Greek central bank stressed that the European Central Bank’s policy since 2010 is to provide credit lines to countries within a program, which is unaffected by political developments.

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