Spanish Bank

Effects of stimulus withdrawal uncertain-Ordonez

MADRID, Nov 23 (Reuters) - It is still unclear whether the world economy can withstand the withdrawal of extraordinary fiscal and monetary stimulus, the governor of the Bank of Spain, Miguel Angel Fernandez Ordonez said on...

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Spanish banks' bad loans drop - central bank

MADRID, Nov 18 (Reuters) - Spanish banks' bad debts fell in September from the previous month, Bank of Spain data showed on Wednesday. The volume of bad debts fell by 1.1 billion euros ($1.65 billion) to 84.76 billion in...

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Rise in interest rates 'off the radar screen' for now

Spanish bank chief says no change expected before second half of next year By Brendan Keenan Tuesday November 17 2009 AN increase in eurozone interest rates is not on the radar at present, the governor of the Bank of Spain said...

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Video interview: Bank of Spain governor

In the first part of a View from Europe video, Miguel Angel Fernández Ordoñez, governor of the Bank of Spain, talks to Victor Mallet, the FT’s Madrid bureau chief. He emphasises the need to reform the labour market and control...

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Reform of banks set to gather pace

By Victor Mallet and Ralph Atkins in Madrid Spain's central bank wants a third of the country's 45 savings banks to be quickly absorbed by stronger institutions as part of a radical reform of the financial -sector. In an...

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Financial sector reform enters pressing phase

The declaration by Miguel Fernández Ordóñez, Bank of Spain governor, that he wants to reduce the number of Spanish savings and loans institutions by a third in less than a year marks the start of a more urgent phase in the...

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INSTANT VIEW 2-Spain Q3 GDP -0.3 pct q/q, beats forecasts

MADRID, Nov 12 (Reuters) - Spain's National Statistics Institute on Thursday published the following provisional gross domestic product (GDP) data. Figures show percentage change. SPANISH GDP Q/Q Y/Y A Reuters poll of analysts...

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Two Spanish savings banks start merger talks

By Jesus Aguado MADRID, Nov 10 (Reuters) - The boards of two Spanish savings banks, Caja Espana and Caja Duero, agreed on Tuesday to start merger talks, the latest round of a consolidation process in Spain's unlisted banking...

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CORRECTED - Bank of Spain approves takeover of bailed-out bank

MADRID, Nov 3 (Reuters) - The Bank of Spain said on Tuesday that it has approved the takeover of the only Spanish bank to be bailed out during the financial crisis, Caja Castilla La Mancha (CCM). A savings bank from the region...

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UPDATE 1-Spain Aug current account deficit more than halves

MADRID, Oct 30 (Reuters) - Spain's current account deficit more than halved in August from a year earlier as a contraction in imports, amid tumbling domestic demand, outpaced shrinking exports, the Bank of Spain said on Friday....

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