KBC to repay 8.3 bln euros of 3-year ECB loans
BRUSSELS Jan 25 (Reuters) - Belgian financial group KBC will repay 8.3 billion euros ($11.1 billion) of cheap three-year loans to the European Central Bank, the group said on Friday.
KBC said it had taken up 3.5 billion euros of loans from the Long-Term Refinancing Operation (LTRO) in December 2011 and another 5.4 billion euros in February 2012. ($1 = 0.7477 euros) (Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.