Monday February 17, 2020

Irish banks reduce ECB borrowing to lowest level since 2008

Banks operating in Ireland, both Irish and foreign-owned, continue to reduce their level of borrowing from the ECB, new figures showed.

26th August, 2013
Department of Finance.

Banks operating in Ireland, both Irish and foreign-owned, continue to reduce their level of borrowing from the ECB, new figures showed.

During July total utilisation of ECB facilities by banks in Ireland declined by about €2.5 billion, or 5 per cent, to about €43.6 billion – it’s lowest level since September 2008, said the Department of Finance.

Drawings from the European Central Bank by the main Irish banks continued to decline during the month of...

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