DNB May Tap ECB for Additional 1 Billion-Euro Loan, DN Reports
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DNB ASA is evaluating taking another 1 billion euros ($1.3 billion) in three-year loans from the European Central Bank next month, after borrowing 2 billion euros last month, Dagens Naeringsliv reported, citing Rune Bjerke, chief executive officer of the Oslo-based bank.
As collateral the bank is using bonds that won’t count as liquidity reserves under Basel III, the newspaper said.