UniCredit could use 14-15 bln euros of ECB's TLTRO, around half in Italy

MILAN, July 10 Thu Jul 10, 2014 2:54am EDT

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MILAN, July 10 (Reuters) - Unicredit could draw on 14-15 billion euros of the European Central Bank's fresh long-term refinancing operations known as TLTRO, the bank's CEO said in an interview on Thursday, confirmed by a spokesman for the lender.

"These are numbers we're still trying to determine fully but I think that at the group level we could reach 14-15 billion euros, about half of which in Italy," Federico Ghizzoni told La Stampa newspaper. (Reporting by Stephen Jewkes; editing by Oleg Vukmanovic)

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