August 28, 2017 / 11:16 AM / a year ago

ECB fines Ireland's Permanent tsb for breaching liquidity requirement

FRANKFURT, Aug 28 (Reuters) - The European Central Bank has fined Irish bank Permanent tsb Group Holdings 2.5 million euros for falling short of the ECB’s liquidity requirements, it said on Monday, in the first such announcement since taking over banking supervision in 2014.

“The European Central Bank (ECB) has imposed on Permanent tsb Group Holdings plc administrative penalties in an overall amount of 2,500,000 euros,” the ECB said in a statement.

It added that the two breaches, which date back to 2015 and 2016, did not change the liquidity position of the bank and have since been fully remedied. (Reporting By Francesco Canepa; Editing by Balazs Koranyi)

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