Spain's banks detail new cost of property clean

Spain's banks detail new cost of property clean A man uses an ATM machine at a branch of Spain's second-largest bank BBVA next to graffiti which reads, ''Thieves'', in Madrid April 30, 2012. BFA said it would cover the full amount this year but did not say how. Santander said it would book the total 5 billion euros in provisions against capital gains and profits in the course of this year and said the charges would not affect is current capital ratios. Madrid has offered state aid for banks unable to raise the extra funds in the form of five-year loans, convertible into shares with an interest rate double the rate on government bonds. Spain's banks detail new cost of property clean Trade News selected by Local Linkup on 16/05/2012