Thursday August 6, 2020

Banks continue to reduce borrowing from ECB

Banks operating in Ireland continue to reduce their level of borrowing from the European Central Bank (ECB), according to new data from the Central Bank in Dublin.

22nd July, 2013
During June total utilisation of ECB facilities by banks in Ireland declined by €0.8 billion.

Banks operating in Ireland continue to reduce their level of borrowing from the European Central Bank (ECB), according to new data from the Central Bank in Dublin.

Drawings from the ECB by so-called covered banks - the main Irish-owned institutions - continued to decline during the month of June to stand at around €34.76 billion.

During June total utilisation of ECB facilities by banks in Ireland declined by €0.8 billion, about 2 per cent, to...

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