Nick Koskoletos

Deposit outflows from Greek banks slow in March, credit shrinks

Deposit outflows from Greek lenders slowed in March, staunching a run of steep declines that had fueled concerns about the country's banking system as it battles to avert a sovereign default.

Banks' deposits fell to 145 billion euros ($160 billion) from 147.5 bln euros in February, data from the European Central Bank showed on Wednesday.