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 won't seek more EU funds to help bank sales

Source: Reuters - Tue 2th Jul 2013
Spain won't seek more EU funds to help bank sales

The Spanish government does not expect to seek more money from the European bank rescue fund to help with the sale of troubled nationalized lenders NCG Banco and Catalunya Banc, a source from the country's bank restructuring fund FROB said on Monday.

At the end of Q1 CatalunyaBanc posted 12-billion losses for 2012 while northern-Spain based NCG Banco reported losses of 8 billion for the same period.

This adds to a record 19.2-billion loss at Bankia reported earlier in the year and a 2.5-billion loss at smaller lender Banco Mare Nostrum.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs