The Bank of Greece (BoG) on Thursday announced that the governing council of the ECB acquiesced to a reduction of the ELA ceiling for Greek banks by one billion euros.
The ceiling is now €32.6 billion, up to and including Thursday, Oct. 26 2017, following a request by the BoG.
The reduction in the ceiling reflects an improvement of the liquidity situation of Greek banks, taking into account private sector deposits flows.
