Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

CAM Bank review of debts underway

Source: El Mundo - Mon 1st Aug 2011

According to Spanish national newspaper, the Bank of Spain are reporting that CAM Bank (Caja de Ahorros del Mediterraneo) has losses amounting to at least 2 billion euros .

On Wednesday last week the central bank stepped in to cover CAM's Ä2.8 billion capital requirement, also extending a credit line of a further Ä3 billion in order to make the Banks more attractive to a potential buyer.

An analysis of Alicante based CAM bank's balance sheets will take place later this month, together with a restructure of credits and provisions for credits of poor quality will explain the losses, the newspaper said.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs