ELA-ceiling for Greek banks eased

Thursday, 09 November 2017 11:59
UPD:11:59
REUTERS/LEONHARD FOEGER

The Bank of Greece (BoG) on Thursday announced that the ECB's governing council did not object to an ELA-ceiling for Greek banks eased to 26.9 billion euros, up to and including Nov. 22, 2017, following a request by the Greek central bank.

"The reduction of €1.7 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, taking into account flows stemming from private sector deposits and from the banks’ access to wholesale financial markets," the BoG announced.

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