Spanish bank seeking €19bn bailout

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

Sat, 26 May, 2012 - 09:44

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

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

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