Spain's NovaGalicia bank asks for 6 bln euros in aid
MADRID, July 12 |
MADRID, July 12 (Reuters) - Spain's NovaGalicia Bank said on Thursday it had asked for 6 billion euros ($7.4 billion) in state aid as the country's weaker banks prepare for a European rescue package later this year.
"We have to make provisions of about 4.2 billion euros, but we've drawn up a more wide-ranging recapitalisation plan," a spokesman for the bank said.
The Economy Ministry declined to comment. ($1 = 0.8164 euros) (Reporting By Sonya Dowsett; Editing by Tracy Rucinski)
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