ECB lowers ELA borrowing ceiling for Greek banks‏

21 January 2016
833 Views

The European Central Bank further lowered the borrowing ceiling for Greek banks from the Emergency Liquidity Assistance mechanism (ELA), accepting a request made by the Bank of Greece.

The Greek central bank, in a report released on Thursday, said that the Governing Council of the ECB did not object to an ELA-ceiling for Greek banks of 71.8 billion euros, up to and including Wednesday, 3 February 2016, following a request by the Bank of Greece.

The reduction of 0.2 billion euros in the ceiling reflected an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilisation of private sector deposits flows, the central bank said.

You may be interested

All retail stores to open on Monday in Greece
GREECE
shares34 views
GREECE
shares34 views

All retail stores to open on Monday in Greece

makis - Jan 15, 2021

The Expert infectious disease team has proposed opening retail stores nationwide from Monday via the ‘click in shop’ method, while…

Hellenic Air Force: How low can you go?
DEFENCE
shares47 views
DEFENCE
shares47 views

Hellenic Air Force: How low can you go?

Panos - Jan 15, 2021

In the last few days a video from an Helenic Air Force Base has gone viral. It demonstrates the level…

How Fast Is 5G? (infographic)
GREECE
shares48 views
GREECE
shares48 views

How Fast Is 5G? (infographic)

Panos - Jan 15, 2021

As Apple is getting ready to ship the new iPhone 12 this week, much has been written about the new iPhones’ standout feature: 5G.…

Leave a Comment

Your email address will not be published.