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Spain's Liberbank repays EU124 mln in state rescue funds

Source: Reuters - Tue 23rd Dec 2014
Spain's Liberbank repays EU124 mln in state rescue funds

Spain's Liberbank said on Tuesday it had repaid EU24 million that it received as part of the country's EU41.3 billion bailout from Europe in 2012.

Repaying the aid should now allow Liberbank to start paying dividends.

The bank was listed and restructured following its bailout.

Liberbank's rescue was in the form of bonds that could convert into capital, and which were subscribed by Spain's bank restructuring fund FROB.

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* Spain's Liberbank failed ECB test

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