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Eurozone banks repay €3.48 bn to ECB of ultra-cheap loans

days in Early February
Europe

Published: 1 Feb 2013 | By Maja Micudova and 2 others | Last updated: 22 Feb 2013
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Eurozone banks repay €3.48 bn to ECB of ultra-cheap loans -
flickr- Images_of_Money

Banks across the eurozone make early repayments worth €3.48 billion of the huge injection of ultra-cheap three-year emergency loans they received from the European Central Bank (ECB).


The central bank launched the lending operation in two batches, at the end of 2011 and in February 2012, loaning out more than €1 trillion to relieve stress on eurozone banks at the peak of the debt crisis. ECB gave banks the option of repaying any part of the money after just one year.


On January 30, 2013, a total of 278 banks had already repaid €137.16 bn of the long-term refinancing operations (LTRO).

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About this event
Created by Maja MicudovaCreated by Maja Micudova
on Fri 1 Feb 2013
Modified by Maja MicudovaLast modified by Maja Micudova
on Fri 22 Feb 2013

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Location: Europe,
Earliest date: Monday 4 February 2013
Latest date: Sunday 10 February 2013
Planning: confirmed
Ended: 528 days ago

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