June 17, 2015 / 4:25 PM / 4 years ago

ECB raises emergency funding for Greek banks by 1.1 bln euros- source

ATHENS, June 17 (Reuters) - The European Central Bank raised the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the country’s central bank by 1.1 billion euros, taking the ceiling to 84.1 billion euros, a banking source told Reuters on Wednesday.

The ECB has raised the cap in increments, keeping pressure on Athens to strike a deal with its creditors over economic reforms required to unlock remaining bailout aid, needed to avert bankruptcy.

Last week it raised the ceiling by 2.3 billion euros.

Greek banks saw deposit outflows of about 400 million euros ($449 million) on Monday as the pace of withdrawals picked up from last week after talks with the country’s creditors over an aid-for reforms deal broke down on Sunday. (Reporting by George Georgiopoulos and Lefteris Papadimas)

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