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

Bloomberg Customers

Banco Sabadell to Study Repayment of ECB Emergency Loans

Banco Sabadell SA, Spain’s fifth-biggest lender, may start to repay emergency loans from the European Central Bank in January.

Sabadell will consider repaying between 10 percent and 20 percent of the 24 billion euros ($32 billion) of loans this month that it borrowed under the ECB’s longer-term refinancing operation, said an official for the bank who asked not to be named in line with company policy.

Spanish banks including Sabadell took advantage of the more than 1 trillion euros of cheap three-year loans that the ECB channeled into Europe’s banking system at the end of 2011 and start of 2012 to help calm the region’s financial crisis. Banco Santander SA, Spain’s biggest bank, has about 35 billion euros of LTRO loans and Banco Bilbao Vizcaya Argentaria SA, the second-biggest, about 22 billion euros.

Funding conditions have improved for the Spanish government and lenders this month, allowing banks including Sabadell to tap wholesale debt markets. The Sabadell, Spain-based bank sold 1 billion euros of five-year covered bonds today at a spread of 250 basis points over the benchmark swap rate.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.