trending Market Intelligence /marketintelligence/en/news-insights/trending/Hj2f_KSrfUp5rezGyPm52g2 content esgSubNav
In This List

ELA cap for Greek lenders further falls to €24.8B

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


ELA cap for Greek lenders further falls to €24.8B

The governing council of the European Central Bank did not object to a request from the Bank of Greece SA to further lower the emergency liquidity assistance, or ELA, for lenders in the country to €24.8 billion.

The central bank said the €1 billion reduction shows improved liquidity for Greek banks, considering account flows from private sector deposits and from the lenders' access to wholesale financial markets. The new ELA cap takes effect until Jan. 9, 2018.

The reduction is the latest in a series of cuts in the ELA cap after dropping to €26.9 billion then to €25.8 billion in November.