Nationalized lenders sign over €37 billion to bad bank Sareb
Well over half of toxic assets come from Bankia, with eventual total to reach 55 billion when rest of institutions make transfer
The four nationalized Spanish banks -- Bankia, NCG Banco, Catalunya Banc and Banco de Valencia -- have now completed the signing over of their toxic assets to the newly created so-called bad bank, Sareb.
The quartet have transferred a total of 36.085 billion euros of assets with another 1.025 billion still to come from the non-nationalized Banco Gallego, whose majority shareholder is NCG Banco.
Of the total, 22.318 billion comes from Bankia, the biggest of the five; 6.708 billion from Catalunya Banc; 5.097 billion from NCG Banco and 1.962 billion from Banco de Valencia. Although signed, the agreement will not come into effect until December 31. Sareb will have around 55 billion in assets by February, once the rest of its non-nationalized participants transfer their bad assets, the government predicts.
Tu suscripción se está usando en otro dispositivo
¿Quieres añadir otro usuario a tu suscripción?
Si continúas leyendo en este dispositivo, no se podrá leer en el otro.
FlechaTu suscripción se está usando en otro dispositivo y solo puedes acceder a EL PAÍS desde un dispositivo a la vez.
Si quieres compartir tu cuenta, cambia tu suscripción a la modalidad Premium, así podrás añadir otro usuario. Cada uno accederá con su propia cuenta de email, lo que os permitirá personalizar vuestra experiencia en EL PAÍS.
¿Tienes una suscripción de empresa? Accede aquí para contratar más cuentas.
En el caso de no saber quién está usando tu cuenta, te recomendamos cambiar tu contraseña aquí.
Si decides continuar compartiendo tu cuenta, este mensaje se mostrará en tu dispositivo y en el de la otra persona que está usando tu cuenta de forma indefinida, afectando a tu experiencia de lectura. Puedes consultar aquí los términos y condiciones de la suscripción digital.
More information
Últimas noticias
Russian ultranationalism, inflamed by the killing of the hooligan commander ‘Spaniard’
The relentless struggle between factions deepens the Sinaloa war: bodies in coolers and a surge in homicides
‘Doctor Death’, the journalist who has witnessed 105 executions in Florida
Being trans or gay in a migrant detention center: ‘They call me faggot, queer, bitch’
Most viewed
- The low-cost creative revolution: How technology is making art accessible to everyone
- Christian Louboutin: ‘Young people don’t want to be like their parents. And if their parents wear sneakers, they’re going to look for something else’
- All the effects of gentrification in one corner of Mexico’s Colonia Roma
- Liset Menéndez de la Prida, neuroscientist: ‘It’s not normal to constantly seek pleasure; it’s important to be bored, to be calm’
- Christmas loses its festive spirit: ICE fears cast shadow over religious celebrations
