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Peripheral Banks Likely To Hold Onto LTRO Funding

Tuesday January 29,2013,

Stronger banks in northern Europe are more likely than their peripheral eurozone peers to contribute to the EUR137bn of three-year long-term refinancing operation funds due to be repaid this Wednesday, Fitch Ratings says. Peripheral banks are more likely to make smaller, perhaps symbolic repayments this year, but hold onto most of their European Central Bank funding as insurance.

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