Spain’s Banks Borrowed Net E227.6 Bln From ECB In March

PARIS (MNI) – Spanish banks borrowed a record E227.6 billion from
the European Central Bank in March, the Bank of Spain reported on
Friday.

The borrowing in March compared with an average net E152.4 billion
in February and E133.2 billion in January, data released by the central
bank showed.

Spanish banks were among the largest borrowers at the ECB’s two
long-term refinancing operations (LTROs), which have provided more than
E1 trillion in liquidity to the European banking system.

–Paris newsroom, +33142715540; jduffy@marketnews.com

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