Bankia president moves to calm fears over future
The president of troubled Bankia tried Saturday to calm fears about the future of the bank, saying Spain’s second largest mortgage lender will emerge as a solid financial entity after it receives €19bn in state aid in the country’s biggest ever bank bailout.
Bankia and its parent group BFA are prepared to sell a large portfolio of real estate and a “significant package” of companies as part of its efforts to turn itself around, said Jose Ignacio Goirigolzarri.
