Greek banks open on Monday

Noam Stiekema

The Greek banks open on Monday, July 20. The limit for withdraw will remain 60 EUR per day. However, citizens will be able to withdraw at 60 EUR per day, and if the amount accumulated to withdraw 120 EUR for example once every two days, said the source, quoted by Tass. The Greek banks open […]

Greece banks

Greece banksThe Greek banks open on Monday, July 20. The limit for withdraw will remain 60 EUR per day. However, citizens will be able to withdraw at 60 EUR per day, and if the amount accumulated to withdraw 120 EUR for example once every two days, said the source, quoted by Tass. The Greek banks open again on July 20, confirmed later Thursday Deputy Finance Minister Dimitris Mardas

“Monday will be open to all banks”, said Mardas. “From Monday all citizens will be able to carry out operations in the banks”, he said.

Greek banks were closed late last month in connection with the introduction of controls on the movement of capital. Withdrawals from ATMs was restricted to an amount of 60 EUR per person per day. Earlier today, the ECB today decided to increase emergency liquidity support for Greek banks with 900 million EUR for a week. Previously, the program ceiling ELA (Emergency Liquidity Assistance) was frozen at 88.6 billion EUR. With today’s increase it becomes 89.5 billion EUR.

Eurogroup does decide to grant a bridge loan of 7 billion EUR for Greece. The loan will be granted under the EFSM will be officially announced on Friday.

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