FMI fact-finding mission in Spain will leave no high-street banking stone unturned this week
Tuesday, September 17, 2013 @ 10:51 AM
A FACT-FINDING mission to Spain by the International Monetary Fund (FMI) will start by scrutinising the operations of Bankia, Unicaja and Liberbank, say sources from the entity led by Christine Lagarde.
Following a meeting yesterday (Monday) at the Bank of Spain for the start of its fourth on-site inspection of the country's financial institutions, representatives of the FMI have started delving into the effects on these high-street banks' results caused by refinancing their credits, and whether credit is flowing into the Spanish economy.
Today (Tuesday), unless the previous three institutions need more analysis, the FMI will move onto Novacaixagalicia, or NCG; Cajamar; Bankinter, and Banco Popular.
Wednesday will see the finance giant inspecting Caja3, Ibercaja and Ceiss.
Read more at thinkSPAIN.com