ECB: almost half of banks are finished with TLTRO III

Tyler Davies

October 27, 2020 12:00 pm

ECB_Christine_Lagarde_PA_575x375_271020 — FILED - 23 January 2020, Hessen, Frankfurt/Main: Christine Lagarde, President of the European Central Bank (ECB), speaks at one of the ECB's regular press conferences. The ECB has announced a ·750 billion emergency bond purchase programme to combat the economic consequences of the coronavirus pandemic. This is to involve government and corporate bonds. The programme will be terminated as soon as the ECB's Governing Council considers the corona crisis to be over, but not before the end of the year, the statement continued. Photo: Boris Roessler/dpa | Boris Roessler/DPA/PA Images

Nearly half of Europe’s banks do not intend to participate in the next rounds of the Targeted Longer-Term Refinancing Operations (TLTRO III), according to the results of a new survey published by the European Central Bank this week.

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Tyler Davies