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FINANCIAL NEWS

ELA ceiling lower by EUR 2.0bn

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he ELA ceiling for Greek banks will be lower by EUR 2.0bn to EUR 41.6bn until July 20th, the Bank of Greece reported.

 

ECB reduced the ELA ceiling of Greek banks to Eur41.6 bn from Eur43.6 bn previously, effective until July 20, 2017.

 

According to the announcement, the Eur2.0 bn reduction in the ceiling reflects developments in the liquidity situation of Greek banks, taking into account private sector deposit flows.
 

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