ECB Lowers ELA Ceiling for Banks


The Governing Council of the European Central Bank approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks to 51.1 billion euros, up to and including Wednesday, November 16, 2016.

The reduction of 700 million euros in the ceiling reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows, the Greek central bank said in an announcement.

(Source: ANA-MPA)