Banks to repay 125 billion euros of second ECB LTRO loan early - Reuters poll
BANGALORE (Reuters) - Banks will repay 125 billion euros (106.8 billion pounds) of the ECB's second tranche of three-year loans at the first opportunity on February 27, a Reuters poll showed, little changed compared with last week's prediction.
The European Central Bank (ECB) pumped more than a trillion euros into the banking system in two offerings of three-year loans in December 2011 and February last year to avert a credit crunch.
Monday's poll of 22 euro money market traders showed banks are expected to repay less than a quarter of the central bank's second three-year crisis loans of 530 billion euros, at the first opportunity for an early repayment on February 27.
That is slightly more than the 123 billion euros traders predicted in a similar poll last week, but less than the 134 billion banks repaid from the first tranche of three-year crisis loans at the first opportunity on January 30.
The poll also showed banks will give back another 4 billion euros from these first-tranche loans next week, slightly less than the 5 billion banks will repay this week, according to data published by the ECB on Friday.
The regular poll showed the ECB is expected to allot 129 billion euros at its weekly refinancing operation and 10 billion at its one-month tender, similar to the amount maturing for both those tenders this week.
- Tweet this
- Share this
- Digg this
- Taxis, planes and viruses: How deadly Ebola can spread
- Hamas defends Gaza ambush blamed for ending ceasefire |
- Experts recover human remains at Ukraine crash site despite new fighting
- Campaign for an independent Scotland stalls before historic vote
- NATO must change to better repel Russian threat - Cameron