EKT: Keeps stable the ELA for two weeks
The European Central Bank maintained Wednesday fixed the limit of contingency funding (ELA) of Greek banks, said well-informed source told Reuters. H same source said that the threshold for the ELA will be reviewed in two weeks. Note that this time limit is about 91 bn. Euros.
As he wrote on Monday Euro2day.gr liquidity cushion in the banking system is over 3 billion. Euro for the first time since the imposition of bank holiday and restrictions on capital movements. According to bank officials, in recent days seen slow but steady inflow of deposits, mainly through business development combined with existing restrictions leads to increase available liquidity.
The gradual improvement in the level of liquidity enables the further relaxation of restrictions mainly imports raw materials and semi-finished products directly without submitting a new request to the European Central Bank to increase the ELA limit.
SOURCE: Euro2day.gr
The European Central Bank maintained Wednesday fixed the limit of contingency funding (ELA) of Greek banks, said well-informed source told Reuters. H same source said that the threshold for the ELA will be reviewed in two weeks. Note that this time limit is about 91 bn. Euros.
As he wrote on Monday Euro2day.gr liquidity cushion in the banking system is over 3 billion. Euro for the first time since the imposition of bank holiday and restrictions on capital movements. According to bank officials, in recent days seen slow but steady inflow of deposits, mainly through business development combined with existing restrictions leads to increase available liquidity.
The gradual improvement in the level of liquidity enables the further relaxation of restrictions mainly imports raw materials and semi-finished products directly without submitting a new request to the European Central Bank to increase the ELA limit.
SOURCE: Euro2day.gr