Banks take up higher-than-expected 45.3 bn euros in cheap ECB loans
European lenders took up almost twice the amount of cheap loans that analysts had predicted in a second round of European Central Bank refinancing, according to data released Thursday.
(AFP) European lenders took up almost twice the amount of cheap loans that analysts had predicted in a second round of European Central Bank refinancing, according to data released Thursday.
In a move suggesting banks may be increasingly willing to lend to households and businesses, the ECB announced that it had agreed to lend 45.3 billion euros to 249 banks in the eurozone under the so-called TLTRO 2 programme.
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