Bank of Greece: ELA ceiling for banks reduced by €100 million
The emergency liquidity assistance (ELA) from the European Central Bank was reduced by a further 100 million euros, announced the Bank of Greece on Wednesday.
According to the official statement “the Governing Council of the ECB did not object to an ELA-ceiling for Greek banks of €51.8 billion, up to and including Thursday, 20 October 2016, following a request by the Bank of Greece”.
“The reduction of €0.1 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows” the statement concludes.
You may be interested
Greece submits request to ESM for early repayment of the IMFPanos - Apr 23, 2019
Greece has submitted a formal request to the European Stability Mechanism for the early repayment of IMF loans, according to…
9.5%-point lead for ND over SYRIZA in latest Skai pollPanos - Apr 23, 2019
Main opposition New Democracy (ND) fields a nine-percentage-point lead over ruling SYRIZA, based on extrapolated results, in a latest opinion…