ELA-ceiling for Greek banks

On 9 January 2018 the Governing Council of the ECB did not object to an ELA-ceiling for Greek banks of €22.0 billion, up to and including Wednesday, 7 February 2018, following a request by the Bank of Greece.

The reduction of €2.8 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, taking into account flows stemming from private sector deposits and from the banks’ access to wholesale financial markets.