Spain’s Frob reveals first tranche of funding for Bankia

spain-flag

The Spanish Fund for Orderly Bank Restructuring (Frob) on September 3 revealed the first tranche of bailout funds that are to be injected into the BFA-Bankia Group, the parent company of failed financial institution Bankia.

The Frob announced that it would provide an initial €4.5 billion ($5.7 billion) of funding to restore the Group's regulatory capital levels. The Frob said the injection was an advance on the overall programme of financial assistance, the total amount of which is to be decided

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: