Bank of England reveals loans peaked at £61.6bn

Emergency loans to Royal Bank of Scotland (RBS) and HBOS peaked at £61.6bn (€68bn) at the height of the financial crisis, the Bank of England said today.

Bank of England reveals loans peaked at £61.6bn
Tue, 24 Nov, 2009 - 10:30

Emergency loans to Royal Bank of Scotland (RBS) and HBOS peaked at £61.6bn (€68bn) at the height of the financial crisis, the Bank of England said today.

The Bank revealed for the first time the details of its Emergency Liquidity Assistance (ELA) to both banks in a submission to the Treasury Select Committee.

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