The FROB declared losses of 1,293 million in 2015 – Investing.com Spain

MADRID (Reuters) – The State Fund for Orderly Bank Restructuring (FROB) said on Wednesday it closed the year 2015 with a loss of 1,293 million euros mainly due to impairments resulting from its holdings . in BFA, SAREB and BMN

the authority of Spanish bank resolution, which in 2014 reported a loss of 861 million euros, said the decline in value of its shares in the two banks that still controls – BMN and BFA – have had a negative impact of 907 million euros (763 million BFA and 144 million BMN)

in addition, the participation of the entity in the SAREB, the “bad bank” that absorbed the assets. troubled real estate good part of the bank, has seen a decline with a negative impact on the accounts of 415 million euros.

the agency said it has enough to meet its commitments to medium-term treasury. In late May 2016 uncommitted its cash amounted to 1.138 billion euros.

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