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ECB lowers ELA ceiling for Greek banks

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. 

  • Published in Greece

Central bank slashes ELA ceiling for Greek banks

The Bank of Greece on Thursday announced a drastic reduction in the Emergency Liquidity Assistance (ELA) ceiling for Greek banks by 7.0 billion euros over the next two weeks, saying that this was in part due to returning deposits rather than the ECB's decision to reinstate a waiver for Greek bonds.

  • Published in Greece
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