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Spain banks' ECB borrowing falls for 19th month in March

Source: Reuters - Mon 14th Apr 2014
Spain banks' ECB borrowing falls for 19th month in March

Spanish banks borrowed 184.9 bln from the European Central Bank in March, down 3%from February, according to Bank of Spain data released on Monday, marking the nineteenth consecutive month of falls.

Borrowing from the ECB stood at 190.6 bln by the end of February.

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.

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