ATHENS (Reuters) – Greek banks will reopen on Monday, thanks to the European Central Bank agreed to raise the limit on emergency funding for the country’s institutions, he said Thursday a senior executive in the sector.
The Greek banks have been closed since 29 June, after Athens decided to impose capital controls.
“will reopen on Monday,” he told Reuters an industry source.
The ECB on Thursday raised 900 million euros in emergency funding ceiling that Greek lenders can be accessed via the central bank.
The Government’s decision on the closure of banks should be confirmed later Thursday.
The banks closed on 29 June, after the ECB decided against raising the credit of the Emergency Liquidity Assistance (ELA) to Greek banks, it has now decided to raise on the recommendation of the Eurogroup.
Finance ministers of eurozone countries agreed this afternoon the urgent disbursement to Greece for 7,000 million euros (7,600 million dollars), allowing you to meet immediate financial commitments.
With information from Reuters and Notimex.
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