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

|By:, SA News Editor

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).