- European Central Bank lowers the amount of emergency funding (ELA) to Greek banks by €1 billion
Market news
7 October 2015
European Central Bank lowers the amount of emergency funding (ELA) to Greek banks by €1 billion
The Bank of Greece said on Wednesday that the European Central Bank (ECB) lowered the amount of emergency funding (ELA) to Greek banks to €87.9 billion from €88.9 billion as the liquidity of Greek banks improved.
"The reduction by 1.0 billion euros of the ceiling reflects an improvement in the liquidity of Greek banks," the Bank of Greece said.
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