European Central Bank: banks borrowed €15.5 billion in loans

Market news

24 September 2015

European Central Bank: banks borrowed €15.5 billion in loans

The European Central Bank (ECB) said on Thursday that banks borrowed €15.5 billion in loans, the so-called TLTROs.

The ECB is offering banks the loans as part of its stimulus measures to spur Eurozone's economy and to boost inflation to its 2% target.

The ECB said there were 88 bidders (June: 28) for this week's TLTROs.

Banks borrowed €73.8 billion in June, €97.8 billion in March, €129.8 billion euros in December 2014 and €82.6 billion in September 2014.

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