Business & Finance

Spain completes savings bank restructuring

Published September 30, 2011 Updated September 30, 2011 03:02pm

1 min

By Asad Naeem

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Bank of Spain governor Miguel Angel Fernandez Ordonez said 568 million euros went to Unnim, 2.47 billion euros to NovaCaixaGalicia and 1.72 billion euros to CatalunyaCaixa from a state restructuring fund.

The state bought out the fourth bank, Caja Mediterraneo, for 2.8 billion euros in June.

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