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Spanish banks' debt to the ECB falls by 1.23 pct in August

Xinhua, September 14, 2015 Adjust font size:

The total debt of Spanish banks to the European Central Bank (ECB) fell by 1.23 percent from July to August, according to provisional data unveiled on Monday by the Bank of Spain.

The Bank of Spain reported that Spanish banks owed a total of 137.919 billion euros (155.930 billion U.S. dollars) to the ECB in August, which meant a 15.1-percent fall when compared with the same month of a year earlier, when the debt stood at 162.546 billion euros.

The debt of the ECB represented 33 percent of the total eurozone's debt in August, which is below the 80 percent it had reached before the Spanish government requested a bailout in June 2012.

The debt of Spanish banks to the ECB peaked at 388.736 billion euros in August 2012. (1 euro = 1.13 U.S. dollars) Endit