Lloyds (LYG) and RBS (RBS) may tap the ECB's three-year low-interest loan facility this week,...

|About: Lloyds Banking Group plc (LYG)|By:, SA News Editor

Lloyds (LYG) and RBS (RBS) may tap the ECB's three-year low-interest loan facility this week, reports the FT, with both banks saying the 1% interest rate makes the LTRO attractive. Sources say the funds raised will likely be ~£5B for RBS and ~£10B for Lloyds.