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ECB funding to Italian banks falls to 235 bln eur in Sept
October 7, 2013 / 9:12 AM / 4 years ago

ECB funding to Italian banks falls to 235 bln eur in Sept

MILAN, Oct 7 (Reuters) - Italian banks held a total of 235.4 billion euros ($320.04 billion) in funds from the European Central Bank in September, down from 241.5 billion euros a month earlier, Bank of Italy data showed on Monday.

The figure marks a new low since the end of February 2012, when the ECB launched its last tranche of cheap three-year loans (long-term refinancing operation, or LTRO) to banks. ($1 = 0.7355 euros) (Reporting by Valentina Za, editing by Isla Binnie)

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