Dec
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MADRID Dec 4 (Reuters) – A sale of nationalised Spanish
bank NCG Banco, a former savings bank based in the north-western
region of Galicia, should be wrapped up by the end of the year,
the head of Spain’s bank restructuring fund Fernando Restoy said
on Wednesday.
The government has said there has been plenty of interest in
acquiring NCG Banco, one of three banks still controlled by the
state following a European bailout of the country’s financial
sector last year.
Spain’s three largest banks Santander, BBVA
and Caixabank have all said they would study
making an offer for the bank.
The restructuring fund, FROB, has said bidders have until
Dec. 13 to present binding offers.
NCG Banco took 9 billion euros ($12.23 billion) in rescue
funds from Spain and Europe and returned to profit in the year
to September.
But deposits fell nearly 3 percent compared with the same
period in 2012, and its non-performing loans as a percentage of
total credit reached 16.7 percent.
($1 = 0.7360 euros)
(Reporting by Jesus Aguado; Writing by Paul Day. Editing by
Jane Merriman)
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