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Spain: Recapitalisation of Banco Mare Nostrum

Description

On 29 June 2010, Banco Mare Nostrum (BMN) was established as the result of a merger of four saving banks, namely: Caja Murcia, Caja Penedčs, Caja Granada and Sa Nostra. BMNs market share at a national...

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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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