The ECB allotted 800 European banks with 529.5 billion euros for 1,092 days in a second round of its Long-Term Refinancing Operation (LTRO) compared with 489 billion euros in the first round launched in December, beating forecasts of 470 billion euros.

The second wave of cheap loans is predicted to boost demand for the region's assets, where banks to invest in high-yielding assets.

Despite the success of the first round of stimulus, there are no signs that there could be a third tranche. If number one was a success and number two was a success, that doesn't mean there has to be number three, ECB council member Ewald Nowotny said on Feb. 27.