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Emergency liquidity assistance (ELA)

Greek banks cut borrowing from ELA to zero

The Greek banking system has returned to normality after bringing its dependence on the Emergency Liquidity Assistance (ELA) mechanism down to zero, banking sources said on Wednesday.

ECB lowers ELA borrowing ceiling for Greek banks

The European Central Bank has lowered the Emergency Liquidity Assistance (ELA) ceiling for Greek banks borrowing through the mechanism by 1.9 billion euros, the Bank of Greece (BoG) announced on Thursday.

National Bank has eliminated its dependency on ELA funding

The National Bank of Greece (NBG) is the first Greek bank that has managed to entirely eliminate its dependency on the European Central Bank's Emergency Liquidity Assistance (ELA), bringing its ELA borrowing to zero, sources said on Friday.

Greek banks lowered borrowing from ELA

On 8 November 2017 the Governing Council of the ECB did not object to an ELA-ceiling for Greek banks of 26.9 billion euros, up to and including Wednesday, 22 November 2017, following a request by the Bank of Greece.

Greek banks lowered borrowing from ELA in September

Compared to August 2017, the Greek banks diminished their borrowing from the Emergency Liquidity Assistance mechanism of the Bank of Greece by EUR 2.4 bn in September, according to a report released by the central bank on Thursday.

ECB: lowered ELA ceiling for Greek banks

The European Central Bank (ECB) further lowered the Emergency Liquidity Assistance (ELA) borrowing ceiling for Greek banks, the Bank of Greece announced on Thursday.

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