Global Trade Alert
Global Trade Alert

Spain: Recapitalisation of Banco Gallego S.A.

Announcement

16 Jul 2013

In July 2013, 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

1 in force

Implementation date

25 Jul 2013

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 16 July 2013, Spain notified a restructuring plan for Banco Gallego to the European Commission. Banco Gallego is a spanish commercial bank with a market share of 0.2-0.3 per cent on the national ...

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