Santander says does not need to make new bad debt provisions
SANTANDER, Spain, June 19
SANTANDER, Spain, June 19 (Reuters) - Spanish banking group Santander does not need additional provisions to meet new Bank of Spain rules on recognising bad debt, Deputy Chairman Matias Rodriguez Inciarte said on Wednesday.
Economy Minister Luis de Guindos said on Tuesday that Spanish banks would face extra provisions against loan losses of up to 10 billion euros ($13.35 billion) over the next two years to meet new rules on loan refinancings.
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Two injured after student opens fire at Colorado high school
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- Storm to cloak Midwest to Northeast in snow, freezing rain