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Bankia, BMN merger expected in a few weeks

Source: Reuters - Tue 20th Jun 2017
Bankia, BMN merger expected in a few weeks

A merger between the state-owned banks Bankia and Banco Mar Nostrum (BMN) will take place in a few weeks, Spanish Economy Minister Luis de Guindos said on Tuesday.

"Bankia and BMN will be merged in a few weeks," de Guindos said during a conference in the northern Spanish city of Santander.

Recommended Reading :

* Santander or Bankia viewed as likely saviors for Spain's Popular

* Spain gives go-ahead to merging state owned Bankia and BMN

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