May 11, 2021

European banks request the ECB 420.7 million for liquidity in a new refinancing operation




The European bank has requested this Wednesday 420.7 million euros of liquidity to the European Central Bank (ECB) in the eighth long-term refinancing operation against the pandemic (Peltro), which represents a decrease of 77.6% compared to the funds requested in the previous auction, held in December.

The ECB announced the Peltro auctions on April 30 as part of its liquidity package for banks. The seven rounds lasted until December, but in that month the ECB announced four additional quarterly rounds during 2021 due to the rebound in the pandemic.

To the auction this Wednesday Six entities have attended, so the average liquidity requested was 70.12 million euros. The funds will be transferred this Thursday and the maturity term is March 31, 2020. The interest rate applied is -0.25%, so the banks will charge 1.05 million for borrowing.

In all the eight Peltro operations that have taken place, European banks have asked the ECB 26,996.75 million euros of liquidity. The interest rate on all of them has been -0.25%, so they will charge 67.49 million euros for borrowing. The next round of the Peltro will take place on June 22nd, with an expiration date until June 30, 2022.

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