Spanish gov't begins privatization of Bankia

The banks productivity had dropped from €19.2 billion made in 2012 to just €512 million made in 2013.

Spanish gov't begins privatization of Bankia

World Bulletin / News Desk

Spain's government has started selling its shares in Bankia in an attempt to help ease its economic woes.

The government currently owns 68% of the bank, which was injected with an €18 billion EU bailout to keep it afloat. 

The banks productivity had dropped from €19.2 billion made in 2012 to just €512 million made in 2013.

Spain is now seeking of off-load up to 18% of its stake to private buyers.

Last Mod: 28 Şubat 2014, 14:12
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