MADRID: Spain's Caixabank intends to take around 7 billion euros ($9.4 billion) in new long-term loans being offered by the European Central Bank, Chief Executive Gonzalo Gortazar told a news conference on Friday.
"The intention is to take that amount in the auctions," Gortazar said.
The ECB said in June it would give banks fresh access to long-term liquidity with the aim of improving lending to euro zone companies, in two so-called targeted longer-term refinancing operations (LTROs) to be held in September and December of this year.
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