Navigation path

Financial Assistance Programme for the Recapitalisation of Financial Institutions in Spain. Third Review of the Programme – Summer 2013

European Commission

Financial Assistance Programme for the Recapitalisation of Financial Institutions in Spain. Third Review of the Programme – Summer 2013pdf(718 kB) Choose translations of the previous link 

Summary for non-specialistspdf(41 kB) Choose translations of the previous link  

The European Commission published the Third Review report of Spain's compliance with the Financial Assistance Programme for the Recapitalisation of Financial Institutions. The report is based on the findings of a joint European Commission /European Central Bank mission to Madrid during 21 – 31 May 2013.

In summary, the programme remains on track and the resilience of the financial sector has increased, so that there is no reason to foresee further programme disbursements at this stage. Nevertheless, the assessment of the asset quality and of the solvency situation of Spanish banks should continue in order to provide reassurance that the programme is approaching its completion successfully.

(European Economy. Occasional Papers. 155. July 2013. Brussels. Paper and internet. )

KC-AH-13-155-EN-N (online)
ISBN 978-92-79-29361-0 (online)
doi:10.2765/48934 (online)

JEL classification: E61, E62, E66, F16, F32, F34, G1, G2, H1, H2, H5, H6, H7, H8

Occasional Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and cover a wide spectrum of subjects. Views expressed in unofficial documents do not necessarily reflect the official views of the European Commission.