The European Central Bank lowered the cap on emergency liquidity assistance Greek banks can draw from the domestic central bank by €0.9 billion to € 86.0 billion, the Bank of Greece said on Thursday.
The move reflected an improvement in liquidity conditions in Greece's banking sector, amid a reduction of uncertainty and the stabilisation of private sector deposit flows, the Bank of Greece said.
Greek banks have relied on the emergency liquidity assistance (ELA) since February after being cut off from the ECB's funding window.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.