Greek bank deposit withdrawals top one billion euros in 24-hours

A record €1bn was withdrawn from Greek banks in a single 24-hour period on Thursday, according to three senior banking sources cited by Reuters on Friday.

They are due to worries whether a deal will be clinched with the country's lenders

"There are no lines or panic, it has been a quiet and gradual phase of withdrawals," one of the bankers said.

"They are due to worries whether a deal will be clinched with the country's lenders."

Read more: ECB to consider suspending emergency liquidity assistance to Greek banks

The pace of the withdrawals have gained speed since last weekend, when talks between the Hellenic nation and its international creditors collapsed.

Joshua Mahony, IG's Market Analyst, pointed out that such outflows will only ever grow, "and it's clear that the Greek banking system may follow the government which is equally at risk as the country unless capital controls are introduced."

The total amount of money removed from Greek banks between Monday and Thursday raised to €3bn, representing 2,2% of corporate and household deposits held by Greece's banks at the end of April.

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