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Spanish Banking Sector to Bear the Burden of Additional Property Losses


News

  • Spain's banking sector would bear the loss of converting real estate assets converting into special holding company under new govt scheme
  • Govt plans to move toxic assets on bank books into a real-estate holding entity by the summer.
  • The govt source said if the assets are sold at an even greater loss than t he recognized banks would have to absorb that additional loss.

Published: 2012-04-27 17:43:00 UTC+00

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