Expansion / The Fund for Orderly Bank Restructuring (FROB) has taken a position on the controversial deal that BFA and Bankia will have to make the cost of legal claims for output to Bankia bag. At a meeting yesterday, the FROB, which controls 100% of BFA and 62% of Bankia, has decided it will be the Board of Directors of BFA make the decision.
Bankia has had to delay the presentation of results , which eventually will take place tomorrow, uncertainty about the need for a provision to hedge against these possible compensation. The problem was this cost sharing between Bankia and its parent. Now, the decision FROB unlocks the situation. The GC BFA
In his note, the FROB makes clear that the deal to establish BFA must be limited to a maximum price for any claims disbursement of 780 million euros, which is the highest currently estimated by Bankia contingency.
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