ECB lowers ELA ceiling for Greek banks
- Written by E.Tsiliopoulos
The Governing Council of the European Central Bank approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks to 51.1 billion euros, up to and including Wednesday, 16 November 2016.
The reduction of 700 million euros 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 Greek central bank said in an announcement.
Tagged under
Related items
- Stournaras: ECB must reduce rates four times within 2024
- European Commission disburses RRF payment of 3.64 bln euros to Greece
- Participation in the classic Athens Marathon for completion of the Church of Panagia Nafpaktiotissa (The Virgin Mary of Nafpaktos)
- Greek banks: Through Lagarde's words are officially in the top European tier
- BoG Gov. Stournara hosts official dinner for Lagarde in the presence of Mitsotakis