ECB Says Banks Will Repay 3.5 Billion Euros of 3-Year Loans
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The European Central Bank said banks will repay 3.5 billion euros ($4.8 billion) of its emergency three-year loans next week.
A total of 27 financial institutions will use the second opportunity for early repayment of the initial three-year loan, the Frankfurt-based ECB said in a statement today. Banks already returned 137.2 billion euros of long-term funds this week. The ECB’s first loan totaled 489 billion euros and banks can make early repayments on a weekly basis.