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Spain's ECB borrowing falls for 20th consecutive month

Source: Reuters - Mon 14th Jul 2014
Spain's ECB borrowing falls for 20th consecutive month

Spanish banks borrowed EU 174.5 billion  in June from the European Central Bank, according to Bank of Spain data on Monday, down from the previous month.

In May borrowing rose month on month, reaching EU 187.9 billions, after 20 consecutive declines.

Spanish banks took an all-time high of EU 411 billion from the ECB in August 2012. The country's financial turmoil reached a peak when the weakest lenders were granted a EU 41.3 billion  aid package from Europe that summer.

 

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* Spain bank's ECB borrowing falls for 19th month in March

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