The figures come a day after finance ministers from Spain's euro partners approved the release of €39.5 billion ($51.6 billion) in bailout aid for Spanish banks worst hit by the property market collapse in 2008.
The funds are part of a €100 billion rescue package earmarked for Spain's banks that is designed to ease the pressure on the Spanish government so it can concentrate on managing the national finances as well as those of the regions and avoid a full-blown sovereign bailout similar to those sought by Greece, Ireland and Portugal.
In return, the entities must reduce the size of their business by 60 percent, branch numbers by 50 percent, stop lending to real estate development and concentrate on retail loans and those to small and medium-sized companies in their base regions.
The funds are part of a €100 billion rescue package earmarked for Spain's banks that is designed to ease the pressure on the Spanish government so it can concentrate on managing the national finances as well as those of the regions and avoid a full-blown sovereign bailout similar to those sought by Greece, Ireland and Portugal.
In return, the entities must reduce the size of their business by 60 percent, branch numbers by 50 percent, stop lending to real estate development and concentrate on retail loans and those to small and medium-sized companies in their base regions.
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