Exclusive: Rising deposit outflows and precaution behind extra Greek bank ELA access - sources

[World News]

By George Georgiopoulos ATHENS (Reuters) - The European Central Bank allowed Greek banks access to extra emergency financing from the Bank of Greece because deposit outflows have picked up and to make sure they have liquidity while tense talks take place in Brussels next week, Greek banking sources said on Friday. The ECB on Thursday raised the cap on what Greek banks can get from the Bank of Greece through the Emergency Liquidity Assistance (ELA) window by about 5 billion euros to 65 billion euros. The extension will run until Feb. 18 when the ECB Governing Council will reappraise the situation. "Some banks likely needed to tap more ELA," said the senior banker at one of the country's four top banks.

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