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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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