Monte Paschi has already repaid 1 bln euros of ECB long-term loans
MILAN Oct 7 (Reuters) - Italian lender Banca Monte dei Paschi di Siena has already paid one billion euros ($1.36 billion) of cheap three-year loans (LTRO) given by the European Central Bank, the bank's CFO said on Monday.
"We have already started to repay the LTRO," Bernardo Mingrone said in a conference call on the bank's guidelines for its new 2013-2017 business plan.
Monte Paschi received 29 billion euros of LTRO money from the ECB.
($1 = 0.7368 euros) (Reporting by Lisa Jucca, editing by Stephen Jewkes)