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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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