The Economy Minister Luis de Guindos. / Fernando Alvarado (AP)
Efe, Frankfurt
The Bank European Central Bank (ECB) will be launched today its new auction program conditional long-term liquidity, called TLTRO, with the first of two operations to be performed in 2014 and in which analysts expect requests from institutions eurozone exceeding 100.000 million.
European banks may be obtained in the auction of 18 September and 11 December, a total of 398,000 million euros, an amount that the ECB seeks to improve transmission mechanism of monetary policy to support bank lending to the real economy.
Between the two auctions, Spanish banks may request up to 54,000 million euros, although Economy Minister Luis de Guindos, has indicated that Spanish banks prompted 30,000 million.
Deutsche Bank analysts estimate that European banks may borrow between 92,000 and 122,000 million euros at auction in September, while the figure could rise to about 305,000 million adding the amount injected in December.
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