Italian banks repaid 13 bln euros in LTRO funds in April

MILAN Thu May 8, 2014 5:16am EDT

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MILAN May 8 (Reuters) - Italian banks repaid last month nearly 13 billion euros in longer-term European Central Bank funds though overall funding from the ECB remained broadly unchanged from a month earlier due to a larger take-up at short-term liquidity tenders.

Overall ECB funding to Italian banks stood at 210.5 billion euros ($293.1 billion) at the end of last month, against 211.05 billion euros at the end of March, Bank of Italy data showed on Thursday.

Funds borrowed at the regular tenders more than doubled to 23.54 billion euros, while the amount borrowed at two extraordinary tenders the ECB held in late 2011 and early 2012 now stands at 186.96 billion euros from 199.73 billion euros a month ago. ($1 = 0.7183 Euros) (Reporting by Valentina Za, editing by Isla Binnie)

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