These measures will effectively complement and strengthen the targeted longer-term refinancing operations (TLTROs) whose first allotment was just conducted a few days ago. In this respect, let me provide you with some fresh details on the outcome of the first TLTRO operation. Last Thursday, 255 banks participated in the first TLTRO for an amount of 82.6 billion euros.
This is within the range of take-up values we had expected based on banks’ revealed behaviour under previous programmes.