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EUR 66,577 million: "To rescue" public money that has been donated to the Spanish bank

  • The Spanish Court of Auditors calculates the cost of rescuing Spanish banks by EUR 66,577 million. In other words, the public money that has been given to the banks and that is still most of what the banks have not returned.

06 December 2019 - 09:26
Bankia da diru publiko gehien jaso duen bankua Espainiako Estatuan. Irudia: David Fernandez /Diagonal

They have reported that more public money has been used than expected to cover the economic debt of the Spanish State bank. According to the calculations of the Court of Auditors, the figure is 1.30% higher than that of the Bank of Spain: The cost of support to the financial sector for the activities carried out until December 2018 amounts to EUR 66,577 million.

Half of the aid was granted in the form of contributions to the capital of the institutions and shares, approximately EUR 60.247 million. Bank CAM (26.307 million) and BFA-Bankia (22.427 million) were the most public money institutions recibieron.El State will be able to recover from Bankia to a maximum of 9.857 million euros, less than half the rescue price, the other half of the gift for the pocket bank.


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