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Spain banks ECB borrowing falls for 17th month in January

Source: Reuters - Fri 14th Feb 2014
 Spain banks ECB borrowing falls for 17th month in January

Spanish banks borrowed €193.4 bln from the ECB in January, down from €206.8 bln in December, according to Bank of Spain data on Friday, marking the 17th month of consecutive falls.

Spain's banks took an all-time high of €411 bln from the ECB in August 2012, the year the country was granted €41 bln in financial aid for its troubled lenders.

The government decided not to extend the European aid programme for its banks at the end of 2013.

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