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Banks to return 2.86 billion euros in crisis loans to ECB next week

FRANKFURT (Reuters) - Banks will return 2.861 billion euros (2 billion pounds) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks' excess cash overnight and promised more long-term loans.

The amount that banks will repay on Aug. 20 is less than this week's crisis-loan repayments of 4.15 billion euros and misses the 4.0 billion forecast in a Reuters poll. [ECB/REFI]

The ECB cut interest rates to record lows in June - the deposit rate to below zero - and took several steps to boost lending to euro zone companies. It also pledged to do more if needed to fight off the risk of Japanese-style deflation.

The measures include a new four-year loan scheme, which the ECB hopes will encourage banks to boost their lending.

Banks continue to repay LTRO funds they took from the ECB in late 2011 and early 2012 as they are going through ECB health checks, which are in their final stages now with a Europe-wide bank stress test.

On Friday, the ECB said two banks would repay 300 million euros from the first LTROs on Aug. 20 and six banks would pay back 2.561 billion from the second LTRO.

Announcements on details of LTRO early repayments (bln euro)

First LTRO (December 2011) Second LTRO (February 2012)


Jan. 25, 2013 137.1591

Feb. 1, 2013 3.4840

Feb. 8, 2013 4.9925

Feb. 15, 2013 3.7900

Feb. 22, 2013 1.7440 61.092

March 1, 2013 4.1760 8.319

March 8, 2013 1.3360 2.894

March 15, 2013 0.385 6.432

March 22, 2013 1.565 0.371

March 28, 2013 3.845 3.160

April 5, 2013 4.092 3.972

April 12, 2013 6.555 4.238

April 19, 2013 8.874 2.068

April 26, 2013 1.661 0.615

May 3, 2013 0.008 0.608

May 10, 2013 1.205 5.152

May 17, 2013 1.020 0.104

May 24, 2013 6.208 1.915

May 31, 2013 2.810 0.271

June 7, 2013 2.800 0.130

June 14, 2013 3.008 0.180

June 21, 2013 5.030 0.208

June 28, 2013 2.025 0.035

July 5, 2013 0 2.095

July 12, 2013 0.513 0.702

July 19, 2013 2.182 0.200

July 26, 2013 1.064 0.451

Aug. 2, 2013 1.800 0.333

Aug. 9, 2013 0.516 0.200

Aug. 16, 2013 0.204 0.450

Aug. 23, 2013 0.100 0.205

Aug. 30, 2013 0.100 4.545

Sept. 6, 2013 3.705 2.200

Sept. 13, 2013 0.741 2.375

Sept. 20, 2013 2.650 5.260

Sept. 27, 2013 1.535 1.622

Oct. 4, 2013 4.610 3.065

Oct. 11, 2013 0.597 0.250

Oct. 18, 2013 0.105 5.094

Oct. 25, 2013 1.445 0.311

Nov. 1, 2013 5.288 5.363

Nov. 8, 2013 2.910 2.857

Nov. 15, 2013 3.155 0.431

Nov. 22, 2013 2.841 5.0815

Nov. 29, 2013 5.105 2.130

Dec. 6, 2013 3.138 3.932

Dec. 13, 2013 3.320 19.330

Dec. 20, 2013 4.050 16.675

Jan. 10, 2014 0.980 1.586

Jan. 17, 2014 0.632 0.359

Jan. 24, 2014 3.4969 0.202

Jan. 31, 2014 0.250 0.218

Feb. 7, 2014 0.525 1.250

Feb. 14, 2014 0.790 0.230

Feb. 21, 2014 2.500 0.345

Feb. 28, 2014 0.510 2.502

March 7, 2014 3.133 8.268

March 14, 2014 4.995 5.080

March 21, 2014 6.411 12.498

March 28, 2014 0.175 1.383

April 4, 2014 2.527 2.352

April 11, 2014 3.385 4.880

April 17, 2014 5.782 1.754

April 25, 2014 9.400 0.179

May 2, 2014 1.300 0.450

May 9, 2014 2.609 0.756

May 16, 2014 5.005 1.150

May 23, 2014 6.123 0.854

May 30, 2014 1.550 0.240

June 6, 2014 9.664 0.924

June 13, 2014 1.692 2.020

June 20, 2014 10.300 2.318

June 27, 2014 0.030 4.450

July 4, 2014 0.645 3.370

July 11, 2014 1.517 2.220

July 18, 2014 3.233 18.274

July 25, 2014 0.710 2.268

Aug. 1, 2014 0.200 3.010

Aug. 8, 2014 2.320 1.830

Aug. 15, 2014 0.300 2.561

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Amount outstanding as of Aug 14

115.496 249.207





(Reporting by Eva Taylor)