British mortgage lender Northern Rock is likely to have borrowed a further £4.65 billion Stg (€6.68 billion) from the Bank of England in the past week, according to Bank of England data published today.
The data indicate Northern Rock has borrowed up to £20.6 billion (€29.61 billion) since being offered emergency funds on September 14.
The estimate is based on the "other assets" category in the Bank of England's weekly accounts, which economists say would include the central bank's "lender of last resort" support.
The Bank of England and Northern Rock have refused to comment on how much the central bank has lent.
Northern Rock announced last week that Bryan Sanderson would take over as the bank's new chairman following Matt Ridley's resignation for his role in the bank's near collapse last month.
Mr Ridley offered to resign in September, but the board asked him to remain until new funding arrangements were in place and until he had represented the bank before the UK's Treasury select committee.
