had been borrowing
Past perfect progressiveconjugation ofborrow.There are other translations for this conjugation.

borrow

The Greek banks which had been borrowing massively from about fifteen banks of the Centre found themselves on the edge of bankruptcy as they had no means of repaying the foreign banks.
Los bancos griegos que, masivamente, pedían préstamos a una quincena de bancos del Centro se encontraron al borde de la quiebra puesto que ya no tenían capacidad de reembolsar a los bancos extranjeros.
For the past three years, and under the guidance of the U.S. and IMF, the Russian government had been borrowing huge amounts of money at high interest rates from private capital markets in order to finance its budget deficits.
Durante los últimos tres años, el gobierno ruso ha seguido los consejos de Estados Unidos y el FMI: ha pedido grandes préstamos a intereses muy altos de los mercados privados de capital para financiar su déficit presupuestal.
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