Published: 2020-06-26 15:24:58 CEST
Citadele banka
Inside information

Citadele borrows EUR 440 million in ECB TLTRO III auction

On 24 June 2020, Citadele borrowed via the ECB's latest TLTRO III operation EUR 440 million for the 3-year term. Loan maturity date is on 28 June 2023 with early repayment option starting on 29 September 2021.

Bank’s total borrowing allowances for TLTRO-III operations are set at EUR 452.96 million. Interest rate on TLTRO III is -0.5% from 24 June 2020 to 23 June 2021 and for banks meeting the lending thresholds, the interest rate can be as low as -1%.

 

         Natalija Fokina
         Head of Treasury
         Phone: +37126424732
         Natalija.Fokina@citadele.lv