Spain bank borrowing from ECB falls for 13th month in September

Reuters

MADRID, Oct 14 (Reuters) - Spanish banks borrowed 244.2billion euros ($331.2 billion) from the European Central Bank inSeptember, down from 249.3 billion euros in August, data fromthe Bank of Spain showed on Monday, marking the thirteenth monthof consecutive falls.

Spanish banks, which received more than 41 billion euros inEuropean aid last year, borrowed an all-time high of 411 billioneuros from the ECB in August 2012, when investors sentimenttowards crippled lenders reached a record low. ($1 = 0.7373euros)

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