FROB’s Eu3bn loan may provide lifeline for cajas

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FROB’s Eu3bn loan may provide lifeline for cajas

Issue: 1165 - 30 July 2010

Keywords: frob, spain, caja, loan

Spain’s Fund for Orderly Bank Restructuring (FROB) has signed a Eu3bn revolving two year liquidity line to support its work refinancing and consolidating the country’s banks, as the agency faces a possible increase in demand after the failure of several cajas in last week’s stress tests. ..

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