BUSINESS

ECB lowers ELA cap for Greek banks

TAGS: Banking

The European Central Bank has lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.6 billion euros to 38.9 billion euros, the Bank of Greece said on Thursday.

The move reflected improved liquidity conditions, taking into account private sector deposit flows, it said. The ELA ceiling is valid up to September 7.

[Reuters]

Online