ECB Says Banks to Make 137 Billion-Euro Loan Repayment Next Week

ECB Says Banks to Make 137 Billion-Euro Loan Repayment Next Week

Ralph Orlowski/Bloomberg

The Frankfurt-based central bank flooded financial markets with two tranches of three-year loans, so-called Longer Term Refinancing Operations, a year ago to avert a credit crunch after banks stopped lending because of Europe’s sovereign debt crisis.