ECB: almost half of banks are finished with TLTRO III

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By Tyler Davies
27 Oct 2020

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.

The ECB asked banks about the impact of the funding programme as part of its quarterly bank lending survey (BLS) on Tuesday. 

TLTRO III proved incredibly popular for its fourth tender operation in June, with banks taking €1.31tr of three year loans through the scheme. 

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