Spain: Bankia announces strategic plan for mid-June

One of the largest banks in Spain said Saturday his plans a ransom of $ 24,000 million to the Government upon request.

The President of the institution, Jose Ignacio Goirigolzarri, said that he expected that the strategic plan of the entity present in June.

The press conference was convened with the financial markets closed on Saturday in an effort to reassure investors worried on the exposure of the Bank to reduce loans in connection with the Spanish properties.

The State has invested more than $5 billion in Bankya, institution, which controls 90%.

The price of Bankya was suspended Friday in the Madrid stock exchange request for help.

The rescue of the Bank, which was nationalised in some two weeks, would be the largest of its kind in the history of Spain.

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