asked not to be identified because the talks were private. National Bank, which also attended the meeting in Athens, may also consider a bond swap, depending on the price in its sale of Turkish unit Finansbank, the people said. Bonds of the lenders and Piraeus Bank, which has announced the terms for an exchange, jumped as investors saw a chance of swapping notes that were quoted as low as 43 cents on the euro this week for shares in recapitalized banks. ros, 4.6 billion euros below a target of 36.8 billion euros. Public spending stood at 36.2 billion euros, 4.38 billion euros less than targeted as the cash-strapped country cut back on expenditure to meet its obligations.
Emergency European Central Bank funding to Greek lenders fell by 1.6 billion euros in September, Bank of Greece data showed on Thursday, as capital controls helped slow deposit outflows. Emergency funding, which is more costly than borrowing from the ECB, fell to 82.4 billion euros at the end of last month from 83.95 billion euros in August, the data showed. Greek banks have relied on the emergency liquidity assistance (ELA), which they receive from the Greek central bank, since February after being cut off from the ECB’s funding window due to stalled bailout talks between the Greek government and its lenders.