Ten local banks bought one-year treasury certificates worth a record 1.42 billion euros yesterday, 1.2 billion euros of which for themselves, feeding into the Treasury almost three times the amount the Finance Ministry had suggested.In exchange for an attractive 4.25% yearly interest for euros, banks submitted bids to buy worth no less than 1.76 billions euros, revealing what a financing potential the banking sector has when there is no risk involved. The interest is only 0.75% higher than charged by the IMF.
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