Spain's BBVA, CaixaBank Say Participated In ECB's LTRO
February 29 2012 - 6:35AM
Dow Jones News
Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA) and CaixaBank
SA (CABK.MC) participated in the European Central Bank's long-term
refinancing operations, or LTRO, spokesmen for the two lenders said
Wednesday.
BBVA, Spain's second-largest bank by market value, took a
"similar amount" to the EUR11 billion it had borrowed in the first
3-year LTRO tender, a spokesman said.
A spokesman for CaixaBank, the no. 3 lender by market value,
said the bank didn't plan to disclose the amount taken, but
confirmed that the lender had participated. The Barcelona-based
bank had taken more than EUR12 billion in the first tender.
Officials at Banco Santander SA (STD) and Bankia SA (BKIA.MC),
the other two big Spanish banks, declined to comment.
A total of 800 banks participated in Wednesday's tender, and the
ECB allotted EUR529.53 billion in the three-year refinancing
operation.
-By Christopher Bjork; Dow Jones Newswires; +34913958123;
christopher.bjork@dowjones.com
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