ECONOMY

ECB lowers emergency funding cap for Greek banks to 58.6 bln euros

ECB lowers emergency funding cap for Greek banks to 58.6 bln euros

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion euros to 58.6 billion euros, the Bank of Greece said on Thursday.

The move reflected an improvement in the liquidity conditions in Greek banks and the stabilization of private sector deposit flows, it said. The ELA ceiling is valid and up to Thursday, July 21. [Reuters]

Banking Finance

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Fitch: Confidence needed to lift Greek bank capital controls
ECONOMY

Fitch: Confidence needed to lift Greek bank capital controls

Cap on ELA for Greek banks drops anew
ECONOMY

Cap on ELA for Greek banks drops anew

ELA sought by Greek banks shrinks anew
ECONOMY

ELA sought by Greek banks shrinks anew

ECB to examine waiver restoration on June 2
ECONOMY

ECB to examine waiver restoration on June 2

Hedge funds ready to bet on Greek ‘resurrection’
ECONOMY

Hedge funds ready to bet on Greek ‘resurrection’

ELA funding for Greek banks falls by 1.79 bln euros
ECONOMY

ELA funding for Greek banks falls by 1.79 bln euros