Bank of Spain: savings banks restructuring 'almost complete'

29th June 2010, Comments 0 comments

Spain's regional savings banks have "almost completed" a consolidation process aimed at weathering the country's uncertain economic outlook sparked by the collapse of a property boom, the Bank of Spain said Tuesday.

"With the approval by the Bank of Spain today of four merger plans, the restructuring of the savings banks in Spain is almost completed," it said in a statement.

© 2010 AFP

0 Comments To This Article