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Spain banks ECB fund dependence unchanged in Nov
December 14, 2012 / 9:11 AM / 5 years ago

Spain banks ECB fund dependence unchanged in Nov

MADRID, Dec 14 (Reuters) - Spanish banks borrowed 365 billion euros ($478 billion) from the European Central Bank in November, virtually unchanged from October, data from the Bank of Spain showed on Friday.

The amount of borrowing has fallen from the 411 billion euros hit in August before the ECB pledged to buy bonds of struggling euro zone periphery states should they request aid, which eased funding conditions and allowed some Spanish banks to return to capital markets.

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