BUSINESS

Greek banks' ELA cap declines

TAGS: Banking

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 4.2 billion euros to 46.5 billion euros, the Bank of Greece said on Thursday.

The move reflected improving liquidity conditions and the stabilization of private sector deposit flows, it said.

The ELA ceiling is valid up to February 1.

[Reuters]

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