Intermediación monetaria
Productos y servicios
Gestionar los procesos de reestructuración y resolución de las entidades de crédito, en los términos establecidos en la citada Ley 9/2012.
Actividades
Otra intermediación monetaria
Otra intermediación monetaria
Other monetary intermediation
This establishment, with registered office address in Madrid, Spain, is a government agency that manages restructuring and resolution processes of credit institutions in Spain. It is a banking bailout and reconstruction program initiated by the Spanish government in June 2009. It presides over the mergers and acquisitions of Spain's failing savings banks. The establishment's fund is used to incentivize the nation's large savings banks (cajas) to participate in large joint virtual mergers in an effort to stave off systematic financial instability. The initial capital amounted to EUR9 billion, which was increased by an additional EUR6 billion pursuant to the fourth additional provision of Royal Decree-Law 2/2012.