Spanish bank Bankia to be 'privatised in stages' | Bangkok Post: news

News > World

Spanish bank Bankia to be 'privatised in stages'

- +

Spain will sell its stake in bailed-out bank Bankia in stages over two or three years, its president said in an interview published on Sunday. 

A woman uses an automated teller machine outside a branch of Bankia in Madrid on July 3, 2013

Bankia became the symbol of Spain's financial crisis when it lost more than 19 billion euros ($26 billion) in 2012 and pushed the government to ask its eurozone partners for 41 billion euros in rescue loans to shore up the entire banking system.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments