ECB eases collateral rules to pre-empt potential rating downgrade

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.

Greek banks’ ECB borrowings (entirely LTROs) rise by EUR4.75bn month on month in March. Funding to Greek lenders provided entirely…

  The activation of the third cycle of the Heracles state guarantee program is in the final stretch. The Ministry…