Emergency Liquidity Assistance

The European Central Bank (ECB) has raised the cap on Emergency Liquidity Assistance (ELA) available to Greek banks by 800 million euros late on Tuesday. The increase takes the ELA ceiling to 74 billion euros (from 73.2 billion last week,...

The European Central Bank (ECB) has decided to raise the Emergency Liquidity Assistance (ELA) to Greek banks. The ECB will increase funding from 68.9 billion euros to over 71 billion. The increase is the biggest this month and means the cap...

With another 350 million euros leaving Greece on Friday for a payment due to the International Monetary Fund, the state coffer looks frighteningly empty. At the same time, state revenues have dropped significantly. Greek banks face a serious liquidity problem...

The European Central Bank (ECB) decided on Wednesday to increase the maximum Emergency Liquidity Assistance (ELA) that Greek banks can get from the Bank of Greece by 400 million euros, according to sources. This brings the total funding of Greek...

Today, the European Central Bank (ECB) decided to increase the maximum amount of Emergency Liquidity Assistance (ELA) that Greek banks can receive from the country's central bank by a further 600 million euros. The decision was made following a teleconference held...

Greek bankers estimate that the amount of non performing loans created in the first two months of 2015 amount to 2 billion euros. This is twice the amount of new bad loans created in the last two months of 2014,...

Greek banks dropped in Athens Stock Exchange (ASE) after the meeting between the Eurozone’s Finance Ministers ended abruptly when Greece refused to sign a bailout program extension. According to Bloomberg, this raised concern among creditors who “may need to introduce controls...

The European Central Bank on Thursday approved additional emergency finance for Greek banks raising the sum earmarked through the Emergency Liquidity Assistance (ELA) to 65 billion euros. In a meeting on Thursday, ECB extended for one week its liquidity assistance...

The Governor of Bank of Greece (BoG) and former Finance Minister Giannis Stournaras appeared confident today that the Greek banks' liquidity is absolutely guaranteed and that the deposits are completely secured. In a meeting with the SYRIZA-led government Vice President,...

The European Central Bank will allow Bank of Greece to provide as much as 59.5 billion euros in emergency funding for the country's lenders, an ECB official familiar with the decision said in a Bloomberg report. The measure is needed...