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
Government Reshuffle: These are the changes announcedmakis - Feb 15, 2019
The government reshuffle that was announced on Friday at 13:30′ did not include any real surprises. The basic change was…
Turkey violates Greek airspace 39 timesmakis - Feb 15, 2019
Turkish fighter jets committed a barrage of violations of Greek airspace, only days after the new Foreign Minister, George Katrougalos…