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

Spain's Liberbank posts loss of 1.8 bln

Source: Reuters - Mon 22th Apr 2013
Spain's Liberbank posts loss of 1.8 bln

Spanish bank Liberbank made a net loss for 2012 of 1.83 billion, adding to losses chalked up by Spain's rescued lenders.

Mid-sized Liberbank, which like its rivals was hit hard by a property market crash, has survived being directly taken over by the state, which has fully nationalised 4 lenders. But it received 124 million of EU funds and is due to list in May on the stock exchange as a condition of the state funding.

Small and mid-sized lenders in Spain have posted multi-billion euro losses for 2012 after making huge write-downs on bad property loans and assets.

The figures highlight the scale of the country's problems with its shaky property market.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs