The Bank of Greece has announced that the European Central Bank has reduced the ceiling of the emergency liquidity assistance (ELA) for Greek banks by 300 million euros.
The move reflected improving liquidity conditions in Greece΄s banking sector, helped by the stabilisation of private sector deposit flows, the Greek central bank said.
According to the statement, the reduction to 71.5 billion euros came at the request of the Bank of Greece itself.
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.
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