Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
The financial aid provided by the Bank of Spain, whereby Unicaja absorbed Caja Duero utilising the FROB fund, has set a precedent in Spanish Banking.
The Theory behind the FROB - Fund for Orderly Bank Restructuring - is to enable the purchase or merger of bank not controlled by the state as the takeovers with the CAM and Unnim Banks - by means of a subsidy.
However, Cinco Dias reports that CaixaBank may also be looking at using the scheme to takeover Banca Civica.
La Caixa ihas approached the Bank of Spain for €800 million of aid from FROB which, together with the aid already provided for the Unicaja takeover, would amount to €1'781 million in aid.
The Bank of Spain is still considering whether to approve to application for FROB aid for the Banca Civica takeover.
