Expectations about the availability of bank loans are falling significantly in the eurozone

ECB took another decisive step to mitigate impact of possible rating downgrades on collateral availability. The Central Bank aims to ensure that banks have sufficient assets that they can mobilise as collateral with the Eurosystem to participate in the liquidity-providing operations and to continue providing funding to the euro area economy.

The measures will not only enhance Greek banks’ liquidity position by 10 billion euros,and their NII,
but also benefit Greek Government Bonds themselves.

Single Supervisory Mechanism, provided y banks with more flexibility on the classification of non-performing loans *** Capital relief amounts to €120 billion *** The ECB supports all initiatives aimed at providing sustainable solutions to temporarily distressed debtors***ECB understands that current NPEs targets are unrealistic.