BUSINESS

ECB keeps ELA ceiling for Greek banks unchanged

TAGS: Economy, Banking, Finance

The European Central Bank kept the emergency liquidity assistance (ELA) ceiling for Greek banks unchanged at 51.8 billion euros on Thursday, the Bank of Greece announced in a statement. The order was valid through November 2.

The unchanged ceiling reflected “the stabilization of the liquidity situation of Greek banks, taking into account private sector deposit flows,” the statement said.

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