
EC gives go-ahead for Spanish recapitalisation plans

The European Commission (EC) has approved recovery plans submitted by the four Spanish banks with the weakest capital positions, currently majority owned by Spain's Fund for Orderly Bank Restructuring (Frob). Three of the banks will be recapitalised with injections of funds and one will be sold.
In a judgement today (November 28), the EC said the plans were in line with European state-aid rules, which aim to prevent distortions to competition. The restructuring plans for BFA/Bankia, NCG Banco and
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]