Posted by: youngragingbull | January 25, 2013

European banks to repay 137.2B euros of ECB LTRO

European banks will begin next week to repay 137.2 billion euros ($184.15 billion) of the more than 1 trillion euros in cheap, three-year loans provided in December 2011 and February 2012 via the European Central Bank’s long-term refinancing operations, the ECB said Friday.

Surveys showed economists expected banks to commit to around 100 billion euros or so in initial repayments of the December LTRO.

Banks can now commit to further repayments on a weekly basis through the LTROs’ expiration in 2015.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: