Brussels, 12/12/2014 (Agence Europe) - On Thursday 11 December, the European Central Bank (ECB) allocated €129.84 billion in liquidity to banks under the TLTRO operation.
Since the launch of this new targeted injection of low-cost cash into the bank sector, which is due to run into 2016, European banks have raised more than €212 bn. In September, more than 250 financial bodies borrowed €82.6 billion in the first round of TLTRO (see EUROPE 11158).
Banks' appetite for this financing...