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Spain's Bankia reports a €2.6B loss in Q3, bringing cumulative 2012 losses to €7.1B as...

Spain's Bankia reports a €2.6B loss in Q3, bringing cumulative 2012 losses to €7.1B as provisioning for bad loans rises to €11.5B. Non-performing loans rose to 13.3% from 11% last quarter. This figure was just 7.63% 2 quarters ago. The scope of the increasing losses raises the idea of another bailout for the bank (#1 was 2 months ago).
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Comments (3)
  • Studioso Research
    , contributor
    Comments (244) | Send Message
     
    Before today's announcement, it was known that Bankia needs another 24.7 billion EUR in capital: http://bit.ly/RnBlk2
    "Raises the idea" is an understatement to say the least.
    26 Oct 2012, 12:33 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    so how does a politician like Rajoy say that everything is OK...who is he protecting...who is he trying to help...the trust is gone..and that will bring the end to the fiat system..you can't believe anyone...so you quit
    26 Oct 2012, 12:46 PM Reply Like
  • wpiontek
    , contributor
    Comments (4) | Send Message
     
    Can you imagine where the numbers would be if Bankia actually had to liquidate the bad loans in this portfolio?
    26 Oct 2012, 01:58 PM Reply Like
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