The European Central Bank announced on Friday that 356 banks will repay a total EUR 61.09 billion next week of the second three-year loan offered last year.
The figure came in much below the EUR 130 billion expected by analysts. The ECB had given EUR 529.53 billion three-year loans to 800 banks on February 29 under a facility known as long-term refinancing operations or LTROs. The banks will start repayment of the second LTRO loans on February 27.
Earlier to that, a total 523 banks took EUR 489 billion in three-year loans in the first round of LTROs in December 2011. The central bank also said today that nine banks will repay EUR 1.7 billion of the first LTRO loans. Banks started early repayment of the first LTRO loans in January and the initial payment was higher than forecast.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.