ECB erbjöd 2.200 miljarder euro i subventionerade lån - väntas lyfta vinsten för bankerna

När räntorna nu ska höjas väntas det lyfta vinsten för bankerna i euroområdet med upp till 24 miljarder euro.

Centralbankens direktion ska nu diskutera hur den kan begränsa de extra pengar som bankerna kommer tjäna via de subventionerade lånen genom att bara placera dem hos centralbanken. 

DI/Direkt 4 juli 2022

https://www.di.se/live/ecb-vill-begransa-bankernas-vinster-pa-billiga-lan-nar-rantan-stiger/

ECB to discuss blocking banks from multibillion-euro windfall 

The ECB started offering the loans — known as targeted longer-term refinancing operations (TLTRO) — in September 2019. 

Initially they were available at the ECB’s deposit rate of minus 0.5 per cent. 

But after the pandemic hit, the ECB cut the rate to minus 1 per cent, in effect paying banks even more to borrow money, provided they did not shrink their loan books. 

FT 3 July 2022

https://www.ft.com/content/5ce8f458-8a59-4789-820a-8c59ed67f416

Targeted long-term refinancing operation - TLTRO

TLTRO is a super-cheap funding vehicle for banks that choose to participate, getting liquidity into the more challenged parts of the EU’s regional banking system.

Think Greece and Italy.

Bloomberg 21 January 2019

https://www.nejtillemu.com/draghi.htm