ECB Extends EUR 70 B Capital Relief Measures for Nine Months

The European Central Bank (ECB) has extended a EUR 70 billion capital relief measures for Eurozone banks for another nine months.

ECB will allow 39 banks to continue excluding holdings at central banks in calculating the mandatory leverage ratios.

The measure which helps lenders supply credit amid recovery from the coronavirus pandemic, was first approved in September 2020 and was set to expire before the end of June but will now continue until March 2022.