Belgian bank KBC’s Irish operation pledged almost €8 billion of its loan portfolio as security for borrowing from the European Central Bank last year, according to regulatory filings.
KBC Bank Ireland’s accounts for the year to December 2008 revealed that loans totalling €7.7 billion, from a total loan portfolio of €17.4 billion, were pledged as collateral under the ECB’s refinancing operations. Use of the ECB’s repurchase facilities, which have been taken up by...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team