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Banks to repay billions in crisis loans

27.01.14 @ 09:01

  1. By EUOBSERVER

Banks are set to return some €3.7 billion in loans this week to the European Central Bank (ECB), reports Reuters. The ECB on Friday announced nine banks would repay their long-term refinancing operation (LTRO) crisis loans they had made in late 2011 and early 2012.