US EditionThe Frob Earns Six Times as Much and Earns a Profit of 2.7 Billion for Caixabank’s Stock Market Push
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3 Articles
The Bank Restructuring Fund (Frob) under the Ministry of the Economy estimates that it has so far recovered 5% of the public money it has accounted for in the...
The Frob Earns Six Times as Much and Earns a Profit of 2.7 Billion for Caixabank’s Stock Market Push
The Bank Restructuring Fund (FROB) closed 2024 with an accounting profit of 2,697 million with which it multiplied by almost six the profits obtained in the previous year. According to the accounts published on Thursday, the evolution of the profits derives mainly from the participation of the State in CaixaBank, as well as from the dividends paid by the institution, which have allowed it to recover 1 billion of the aid injected into the financi…
The bank rescue fund (FROB) recorded an accounting profit of 2,697 million euros in 2024, which means multiplying by almost six the profits obtained the previous year, thanks to the increase in the value of its stake in CaixaBank. However, it continues to value Sareb (the bad bank) to zero after the loss of all its value in 2023. According to the accounts published on Thursday by the agency, the accounting profits are derived “from the positive …
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