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Bankia returns 127 million Euros to Sareb after adjusting the perimeter of the transfer of assets.

The group BFA Bankia has modified the deed of the transfer of assets to the bad bank, reducing the final volume to 22.190,7 million Euros. Bankia and its parent company, Banco Financiero y de Ahorros, have informed the National Share Market Commision about the adjustment made between the institution and Sareb, in order to adjust the deed to the effective volume of the transfer.

The nationalized group, transferred real estate assets to the bad bank for 22.190,7 million Euros, that is, 126,9 million Euros less than initially planned. In fact, Bankia has informed that it has already returned the difference, returning to Sareb bonds received for the corresponding amount.

 

Source: Expansión