The European Central Bank (ECB) approved the amount of emergency funding (ELA) that Athens had requested for its banks on Thursday said a banking source.

“The Bank of Greece got approval for the ELA it requested. If necessary, the ECB Governing Council will convene again over the next 24 hours,” said the source without revealing the exact amount of funding.

Central bank funds are currently keeping Greek banks afloat following the heavy deposit withdrawals that have escalated due to the uncertain political climate in Greece over the last week.

ELA from the Greek central bank that is more costly than borrowing from the ECB rose to 77.58 billion euros last month from 74.37 billion euros in April.