Spanish banks given €50bn real estate provisioning plan

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Spanish banks given €50bn real estate provisioning plan

Issue: 1240 - 3 February 2012

Spain’s new economy minister has set out a €50bn real estate provisioning plan that banks must execute by the end of the year. Luis de Guindos, Spain’s minister for the economy, on Thursday night outlined the plan, which will give banks until the end of the year to increase their provisioning substantially. ..

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