Global Trade Alert
Global Trade Alert

Spain: Recapitalisation of NCG Banco

Announcement

23 Sep 2011

In September 2011, the government of Spain announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

23 Sep 2011

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts)

On 23 September 2011, Spain notified to the European Commission a capital injection of EUR 2.46 billion through the Spanish government program FROB ('Fondo de Reestructuración Ordenada Bancaria'). T...

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