ECB: Banks to repay EUR 3.18 bln next week
2013-06-14 16:01:52
The European Central Bank on Friday said banks that participated in long-term refinancing operations will repay EUR 3.188 billion next week.
Two banks will pay EUR 3.008 billion from the first three-year LTRO on June 19 and 2 other banks will repay EUR 180 million from the second operation.
Banks started early repayment of the first LTRO loans in January with the initial amount of EUR 137.2 billion.
The ECB carried out first LTRO in December 2011 and a second one in February 2012, giving out more than EUR 1 trillion in total, in a bid to avert a credit crunch as the euro area sovereign debt crisis unfolded.