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ECB increases ELA to Greek banks by €500 million

The European Central Bank (ECB) has increased the emergency liquidity assistance (ELA) provided to Greek banks by 500 million euros to 80.7 billion euros from 80.2 billion euros, news agencies reported on Tuesday.  

According to the same reports, Greece’s cash buffer remains unchanged at 3 billion euros. The central bank’s governing council also discussed the issue of higher collateral haircut requested by the Greek banks, but no decision was taken.

BoG governor Yannis Stournaras said Tuesday morning that Greek banks are solvent.


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