Irish bank borrowing from ECB falls to five-year low

Irish bank borrowing from ECB falls to five-year low

The latest figures show that Ireland's banks are continuing to wean themselves off ECB funding.

The figures released by the Department of Finance indicate borrowing from the ECB has fallen to its lowest in five years.

The banks are still borrowing around €42.6bn from Frankfurt, but that is down by more than two-thirds from the peak three years ago.

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