Irish banks' reliance on ECB unchanged in Sept -cbank


DUBLIN, Oct 12 (Reuters) - Irish lenders' reliance onemergency funding was little changed in September withoutstanding loans of 120 billion euros, the country's centralbank said on Friday.

Banks had 79.1 billion euros in outstanding loans from theEuropean Central Bank as of Sept. 28, unchanged from August,while emergency loans from the Irish central bank fell slightlyto 40.6 billion euros from 40.8 billion euros a month before.

Irish banks are heavily dependent on loans from the ECB andthe Irish central bank to run their day-to-day operations.

Under the country's EU/IMF bailout they must shrink theirbalance sheets to ease that exposure, which peaked at 187billion euros in February 2011.

(Reporting by Conor Humphries; Editing by John Stonestreet)

((conor.humphries@thomsonreuters.com)(+353 1 500 1518)(ReutersMessaging: conor.humphries.thomsonreuters.com@reuters.net))


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