BANK borrowing from the European Central Bank (ECB) has fallen for the 13th consecutive month.
Data released by the Bank of Spain shows the country´s banks borrowed €244.2 billion in September, down from €249.3 billion in August.
This brings the net debt owed to the ECB down to its lowest level for 18 months, a sign that Spanish banks are finding it easier to raise funds on the debt market.
Borrowing reached an all-time high of €411 billion in August 2012 when investor sentiment towards the crippled lenders hit an all-time low.
Confidence returns ??? Where ? By who and in who ?
The national bank does nothing but falsify the numbers….
A million more jobless…record tiendas going broke…record of poverty, and rising… ( source: red cross).
They are only borrowing €244.2 billion in September – one month – and things are getting better – speechless (but laughing).