Signs of a bank run are emerging in Greece amid gloomy prospects that efforts to form a coalition government could again collapse even after general elections are held again next month.

In a statement on Tuesday, local time, Greece’s presidential office said that bank customers had withdrawn around 700 million euros on Wednesday alone, apparently out of fear that banks could become insolvent with the uncertainty in the political sector.

Bank of Greece Governor George Provopoulos said that there is a high risk that the banking sector could face a state of panic, adding that banks’ current funding capability is extremely fragile.