Bankia Suspends €2.5 Billion pay out to Spanish Shareholders

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FOURTH largest bank in Spain, Bankia had a plan to pay €2.5 billion to shareholders (which include the Spanish government) in order to assist those who had lost so much when it first got into financial problems.

Even with some €4.1 billion in hand, it has now decided that due to the coronavirus crisis and the collapse of world stock exchanges that it would be prudent to suspend this ‘windfall’ dividend for the time being so that it can face future financial challenges.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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