Irish banks borrowed €39.4bn from ECB in 2007

Irish banks borrowed €39.4bn from the European Central Bank in 2007. This is 45% higher than the total amount borrowed in 2006.

The ECB regularly lends money to financial institutions in order to improve liquidity. Some Irish financial institutions use the ECB facility on a regular basis to finance part of their balance sheets, using their residential mortgage assets as collateral. All banks regard the facility as a continuous source of funding.

Borrowing by Irish banks from the ECB in 2007:

  • EBS – €2.3bn
  • Irish Life & Permanent – €5.3bn
  • Bank of Ireland – not disclosed
  • AIB and Anglo Irish Bank – no borrowing
Advertisements

0 Responses to “Irish banks borrowed €39.4bn from ECB in 2007”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Follow sgcbusiness on Twitter

Flickr Photos

IMG_3214.JPG

0.jpg

Apple Store

More Photos

del.icio.us

Subscribe

Email: sgcbusiness [at] stgeraldscollege [dot] com

Irish Blogs
Add to Technorati Favorites
wordpress stat

%d bloggers like this: