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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.