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> Banco Base, Spain’s third-largest savings bank, will apply for €2.8bn ($4bn) from the state-backed bank restructuring fund
Banco Base, Spain’s third-largest savings bank, will apply for €2.8bn ($4bn) from the state-backed bank restructuring fund – nearly twice the capital shortfall estimated by the Bank of Spain.
A spokesman for Alicante-based CAM, one of the banks that merged to form Banco Base, was unable to say on Tuesday why the bank would apply for more than the central bank’s estimate.
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