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Spain ECB borrowing falls for 13th month in September

Mon 14th Oct 2013
Spain ECB borrowing falls for 13th month in September

Spanish banks borrowed €244.2 billion from the ECB in September, down from €249.3 billion in August, data from the Bank of Spain showed on Monday, marking the it the 13th consecutive month of falling borrowing.

Spanish banks, which received more than €41 billion in European aid last year, borrowed an all-time high of €411 billion from the ECB in August 2012, when investors sentiment towards crippled lenders reached a record low.