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Empresas y finanzas

Banks to return 2.86 billion euros in crisis loans to ECB next week


    FRANKFURT (Reuters) - Banks will return 2.861 billion euros ($3.83 billion) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks' excess cash overnight and promised more long-term loans.

    The amount that banks will repay on Aug. 20 is less than this week's crisis-loan repayments of 4.15 billion euros and misses the 4.0 billion forecast in a Reuters poll. [ECB/REFI]

    The ECB cut interest rates to record lows in June - the deposit rate to below zero - and took several steps to boost lending to euro zone companies. It also pledged to do more if needed to fight off the risk of Japanese-style deflation.

    The measures include a new four-year loan scheme, which the ECB hopes will encourage banks to boost their lending. [ID:nL6N0PE5K0]

    Banks continue to repay LTRO funds they took from the ECB in late 2011 and early 2012 as they are going through ECB health checks, which are in their final stages now with a Europe-wide bank stress test.

    On Friday, the ECB said two banks would repay 300 million euros from the first LTROs on Aug. 20 and six banks would pay back 2.561 billion from the second LTRO.

    Announcements on details of LTRO early repayments (bln euro)

    First LTRO (December 2011) Second LTRO (February 2012)

    Jan. 25, 2013 137.1591

    Feb. 1, 2013 3.4840

    Feb. 8, 2013 4.9925

    Feb. 15, 2013 3.7900

    Feb. 22, 2013 1.7440 61.092

    March 1, 2013 4.1760 8.319

    March 8, 2013 1.3360 2.894

    March 15, 2013 0.385 6.432

    March 22, 2013 1.565 0.371

    March 28, 2013 3.845 3.160

    April 5, 2013 4.092 3.972

    April 12, 2013 6.555 4.238

    April 19, 2013 8.874 2.068

    April 26, 2013 1.661 0.615

    May 3, 2013 0.008 0.608

    May 10, 2013 1.205 5.152

    May 17, 2013 1.020 0.104

    May 24, 2013 6.208 1.915

    May 31, 2013 2.810 0.271

    June 7, 2013 2.800 0.130

    June 14, 2013 3.008 0.180

    June 21, 2013 5.030 0.208

    June 28, 2013 2.025 0.035

    July 5, 2013 0 2.095

    July 12, 2013 0.513 0.702

    July 19, 2013 2.182 0.200

    July 26, 2013 1.064 0.451

    Aug. 2, 2013 1.800 0.333

    Aug. 9, 2013 0.516 0.200

    Aug. 16, 2013 0.204 0.450

    Aug. 23, 2013 0.100 0.205

    Aug. 30, 2013 0.100 4.545

    Sept. 6, 2013 3.705 2.200

    Sept. 13, 2013 0.741 2.375

    Sept. 20, 2013 2.650 5.260

    Sept. 27, 2013 1.535 1.622

    Oct. 4, 2013 4.610 3.065

    Oct. 11, 2013 0.597 0.250

    Oct. 18, 2013 0.105 5.094

    Oct. 25, 2013 1.445 0.311

    Nov. 1, 2013 5.288 5.363

    Nov. 8, 2013 2.910 2.857

    Nov. 15, 2013 3.155 0.431

    Nov. 22, 2013 2.841 5.0815

    Nov. 29, 2013 5.105 2.130

    Dec. 6, 2013 3.138 3.932

    Dec. 13, 2013 3.320 19.330

    Dec. 20, 2013 4.050 16.675

    Jan. 10, 2014 0.980 1.586

    Jan. 17, 2014 0.632 0.359

    Jan. 24, 2014 3.4969 0.202

    Jan. 31, 2014 0.250 0.218

    Feb. 7, 2014 0.525 1.250

    Feb. 14, 2014 0.790 0.230

    Feb. 21, 2014 2.500 0.345

    Feb. 28, 2014 0.510 2.502

    March 7, 2014 3.133 8.268

    March 14, 2014 4.995 5.080

    March 21, 2014 6.411 12.498

    March 28, 2014 0.175 1.383

    April 4, 2014 2.527 2.352

    April 11, 2014 3.385 4.880

    April 17, 2014 5.782 1.754

    April 25, 2014 9.400 0.179

    May 2, 2014 1.300 0.450

    May 9, 2014 2.609 0.756

    May 16, 2014 5.005 1.150

    May 23, 2014 6.123 0.854

    May 30, 2014 1.550 0.240

    June 6, 2014 9.664 0.924

    June 13, 2014 1.692 2.020

    June 20, 2014 10.300 2.318

    June 27, 2014 0.030 4.450

    July 4, 2014 0.645 3.370

    July 11, 2014 1.517 2.220

    July 18, 2014 3.233 18.274

    July 25, 2014 0.710 2.268

    Aug. 1, 2014 0.200 3.010

    Aug. 8, 2014 2.320 1.830

    Aug. 15, 2014 0.300 2.561

    ===============================================

    Amount outstanding as of Aug 14

    115.496 249.207

    ($1 = 0.7478 Euros)

    (Reporting by Eva Taylor)