Arab Today, arab today nervous banks park record sums at ecb
Last Updated : GMT 04:49:32
Arab Today, arab today
Arab Today, arab today

Nervous banks park record sums at ECB

Arab Today, arab today

Arab Today, arab today Nervous banks park record sums at ECB

Frankfurt - AFP

Crisis-hit eurozone banks parked a record 528.18 billion euros ($675.60 billion) overnight at the European Central Bank, data showed on Wednesday, suggesting the crucial interbank market is clogged. Banks have been stashing record sums almost daily at the ultra-safe ECB, nervous of lending to each other, despite the fact they earn only a miserly 0.25 percent for their deposits at the central bank. The previous record was published only on Tuesday, when banks parked 502 billion euros overnight. The phenomenon appears particularly significant because it comes after eurozone banks borrowed nearly half a trillion euros from the ECB last month via a brand new three-year lending facility. ECB chief Mario Draghi has insisted that the facility is indeed working to unlock the interbank market, saying recently that the institutions that took funds from the lending programme are not the same ones handing it back.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nervous banks park record sums at ecb Arab Today, arab today nervous banks park record sums at ecb

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nervous banks park record sums at ecb Arab Today, arab today nervous banks park record sums at ecb

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday