Bank of Spain plays down bank nationalisation talk

map of spain

The Bank of Spain on May 9 released a statement addressing concerns over the future of major Spanish bank, Banco Financiero y de Ahorros (BFA).

The central bank said the bank's board of directors had decided not to buy back securities issued to a value of €4.47 billion ($5.8 billion), which were subscribed by the Fund for the Orderly Restructuring of the Banking Sector (FROB). "BFA has concluded that the most advisable option for strengthening the financial soundness of the business project now

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: