The National Treasury Management Agency is behind a near 20% drop in the level of emergency loans extended by the central bank to lenders, the central bank said today.
'The primary factor behind the reduction in the 'Other Assets' figure is the temporary placing of deposits by the NTMA with a number of domestic institutions,' a spokesman for the central bank said.
The NTMA, which manages the country's finances, has received €17.8 billion from the European Union and International Monetary Fund as part of a drawdown of an €85 billion bail-out.
The Central Bank's loans to Irish banks stood at €54 billion at the end of April compared with €66.8 billion at the end of March.
