The Bank of Greece has announced that the European Central Banks has reduced the ceiling of the emergency liquidity assistance (ELA) for Greek banks by 300 million euros.
According to the statement, the reduction to 71.5 billion euros came at the request of the Bank of Greece itself and reflects the “improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows”.
Additionally, it was reported that bank deposits reached a 6-month high in December 2015, when they increased by 2.48 billion euros. Specifically, business accounts appear to have increased by 1.6 billion euros, while private accounts by 1.31 billion euros.
