Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions

EconomyMacroeconomy Tags: Banking, BoG, Liquidity
Bank of Greece
Bank of Greece

The Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday.

This was the fourth reduction since August 18 reflecting an overall improvement in banks’ liquidity position after the signing of the agreement for a third bailout programme with Greece’s eurozone partners in mid August.

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