ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The Bank of Greece (BoG) said on Thursday that the European Central Bank increased the Emergency Liquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following a request made by BoG.

The rise in the ELA limit “reflects developments in the liquidity situation of Greek banks, taking into account private sector deposit flows,” BoG noted.

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