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Spain banks borrowed 169.8 bln eur from ECB in Feb

Source: Reuters - Wed 14th Mar 2012
Spain banks borrowed 169.8 bln eur from ECB in Feb

Spanish banks borrowed a new euro era record high of 169.8 billion euros from the European Central Bank in February, slightly up from 161 billion euros taken in January, data from the Bank of Spain showed on Wednesday.

The data reflected banks' high use of the ECB's funding lines, which have included a three-year long-term refinancing operation in December. The data did not count the ECB's last three-year auction held on Feb. 29.

Total net borrowing was 152 billion euros in February compared with 133 billion euros in January.

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