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.

Claire Wilson

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2 COMMENTS

  1. 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).

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