Spain’s ‘bad bank’ structure revealed
Spain's new Asset Management Company (AMC) will purchase assets from the country's struggling banks at a knock-down rate and seek to transform them into a 14–15% return on equity for its stakeholders, according to the Bank of Spain.
The AMC is designed to remove the 'troubled assets' from banks that require public support, which it will then manage and ultimately sell off during the course of the next 15 years – at the longest.
The Fund for the Orderly Restructuring of the Banking Sector (Frob)
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