Spanish bank seeking €19bn bailout

The board of directors of the troubled Spanish bank, Bankia, says it has agreed to ask for €19 billion in state funds.

Spanish bank seeking €19bn bailout
Fri, 25 May, 2012 - 20:35

The board of directors of the troubled Spanish bank, Bankia, says it has agreed to ask for €19 billion in state funds.

In a statement, the bank’s president, Jose Ignacio Goirigolzarri said that the recapitalisation has “reinforced the solvency, liquidity and solidity of the bank”.

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