Spain completes savings bank restructuring

30 Sep, 2011

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.

 

Copyright AFP (Agence France-Presse), 2011

 

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