Loans bankers digest new €400bn ECB ‘targeted’ LTROs

By Michael Turner
05 Jun 2014

A wave of silence flooded the European loan market on Thursday as senior loans bankers waited for bank bosses to digest what a new series of European Central Bank targeted longer term refinancing operations (TLTRO) would mean for their activities.

The ECB has launched a new TLTRO that will allow Eurozone banks to obtain cheap funding from it for an initial amount of 7% of their loans to certain borrowers in the euro area. 

Eligible loans must be for non-financial private sector borrowers, excluding household loans for house ...

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