Fri. Jan 18th, 2019

Spanish banks reduced their long-term requests to the ECB by 1.8% in 2018

Spanish banks reduced their long-term requests to the ECB by 1.8% in 2018



Spanish banking closed 2018 with a cut of 1.8% in its requests for long-term financing from the European Central Bank (ECB), which stood at 167,421 million euros, compared to 170,444 million orders the year before.

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According to the year-end data published today by the Bank of Spain, those 167,421 million euros were in turn slightly lower than the 167,500 million requested the previous month, which is still the lowest amount since March 2017, when totaled 147,927 million.

In terms of short-term liquidity, the requests increased year-on-year to 167 million euros from 96 million in December 2017, and lived an exercise full of ups and downs, which had its climax in October, with 466 million euros. euros requested.

The information published today also shows that the Bank of Spain raised considerably in 2019 the purchases of public debt and bonds of banks that are part of the stimulus program of the European economy through the acquisition of assets of the European Central Bank, which ended in December.

Specifically, these acquisitions totaled 338,184 million at the end of December, 34,705 million more than a year ago.

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