Spanish ‘bad bank’ must revise valuations of half of remaining assets

The Bank of Spain

Spain's 'bad bank', Sareb, must publish revised valuations of at least 50% of its remaining assets by the end of the year, the Bank of Spain announced on October 2.

The Asset Management Company, fully titled the Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria, was established in 2012 to buy assets from the country's struggling banks.

It took on "almost 200,000 assets" between December that year and February next, valued at €50.781 billion ($57 billion) at the time. It

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