| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/11/1388 (22.11.11) |
| Publication Date | 22/11/2011 |
| Content Type | News |
|
The European Commission has temporarily approved, under EU state aid rules, a capital injection up to €1 billion and a liquidity facility of up to € 2 billion for Banco de Valencia, a small publicly-listed bank based in Eastern Spain. The funds will be provided by the Spanish Fondo de Reestructuración Ordenada Bancaria (FROB), which was created in 2009 to support the consolidation in the Spanish banking sector and ensure an orderly restructuring of banks. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1388&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Europe, Spain |
