The Spanish banking sector is noted in the first half increased gain of 67 percent, while lending fell by a further 7.3 percent.
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The Spanish banks’ results between January and June are just over 5.3 billion Euros. The reason for the large percentage increase is attributed mainly to the sector last year ousted major repositories for self-regulation, which greatly reduced profits.
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Spokesmen for the banking industry points out that the situation is still fragile and that lending will fall as a consequence of the low consumption. Also denounced the banking sector on the bad debts continued to increase.
Lost money back from Spanish banks
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Those who lost their money in stocks after the nationalization of the ailing Spanish banks, they can get the lost money back.
Fernando Restoy, chairman of the fund FROB Ato restructure the Spanish banks, claimed during a hearing in Congress that at least half of those who have lost their money should have the money back in return.
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These customers of the nationalized banks who have lost their deposits from the purchase of preferred stock before the bottom fell out of the banks’ finances.
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at a hearing on the mortgage and financial products in the Congressional subcommittee told Fernando Restoy to those who have “misled” to purchase the shares have lost about 27 percent of their investment, property Marbella.
The trouble is that the losses are unevenly distributed across the three Spanish nationalized banks, Bankia, Novagalicia and Catalunya Banc, all of which are still under FROB.
For equity clients in Bankia, the losses are as much as 40 percent, while small retail customers in Catalunya Banc and Novagalicia can probably look forward to getting their savings back in full.
Spanish government has set up a mediation team to help customers who have invested up to 10,000 Euros.
Bank Bankia has 300,000 customers who have been adversely affected by the sale of preferred stock to almost 4.9 billion Euros. For Novagalicia case of the 62,000 customers who have invested 1.6 billion Euros and 40,000 customers in Catalunya Bank, with 1.608 billion Euros.
The three Spanish nationalized banks got most of the 40 billion eEuros that Spain has received from his EU colleagues to rescue the ailing Spanish banking sector.
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