Because Greek banks were shut out from wholesale markets and became entirely dependent on central bank financing, as indicated in recital 26, and since the Bank could not borrow a sufficient amount of funds through the regular refinancing operations, the Bank needed State-guaranteed ELA to obtain sufficient liquidity to prevent it from defaulting.
D’un point de vue statique, la transaction a également un impact positif sur le ratio de fonds propres de la banque, puisque celle-ci acquiert une banque hautement capitalisée pour un euro.