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Global Trade Alert

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Spain: Recapitalisation of BFA/Bankia

Description

On 29 June 2010, Spain informed the Commission about its intention to support the bank 'Banco Financiero y Ahorro, S.A. (BFA). The Spanish government program FROB ('Fondo de Reestructuración Ordenada ...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Jun 2010

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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