Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Spanish Bank ECB Borrowing Declines Second Month in October

Nov. 14 (Bloomberg) -- Net borrowing by Spanish banks from the European Central Bank fell in October for a second month as funding conditions for lenders eased.

Net average ECB borrowing dropped 9.7 percent from September to 341.6 billion euros ($435.6 billion), the Bank of Spain said on its website today. Gross borrowing was 366.9 billion euros in October, down from 399.9 billion euros.

The pledge in July by ECB President Mario Draghi to do “whatever it takes” to defend the euro and his offer to buy government bonds should Spain request it has helped ease financing conditions for the country’s banks.

The yield on Spanish 10-year debt has dropped to 5.8 percent from as high as 7.6 percent in July.

To contact the reporter on this story: Charles Penty in Madrid at

To contact the editor responsible for this story: Frank Connelly at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.