SAREB
Sign in to saveSareb is the bad bank of the Spanish government. Its purpose is to manage and disinvest high-risk assets that were transferred to it from the four nationalized Spanish financial institutions (BFA-Bankia, Catalunya Banc, NGC Banco-Banco Gallego and Banco de Valencia). The company was formed in 2012.
In the Vinony graph
Within Vinony's link graph, SAREB is referenced by 10 other articles, and connects out to Abanca, Government of Spain and FROB, Spanish Executive Resolution Authority.
It sits within the topics Bad banks and Banking in Spain.
Its subject is documented across 4 Wikipedia language editions.
Wikidata facts
- Official website
- www.sareb.es
- Image
- Madrid - Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (SAREB) (Calle Costa Brava 12) 2.jpg
Show 2 more facts
- inception
- 2012-00-00
- Commons category
- Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (SAREB)
Sources (3)
via Wikidata · CC0
~23 min read
Encyclopedic overview
15 sectionsContents
- History
- Structure
- Investors and shareholders
- Board of directors
- Acquisitions
- Financial plan
- ECB comments
- Background, the 2008 Spanish real estate crisis
- The first attempt - real estate companies
- A bad bank or an asset management company?
- Creation
- Notes
- See also
- References
- External links
Sareb is the bad bank of the Spanish government. Its purpose is to manage and disinvest high-risk assets that were transferred to it from the four nationalized Spanish financial institutions (BFA-Bankia, Catalunya Banc, NGC Banco-Banco Gallego and Banco de Valencia). The company was formed in 2012.
The main drivers of the 2008–2014 financial crisis in Spain were the weaknesses, lending practices and failures of the savings banks in Spain. It had its roots prior to 2008 which the credit crunch and sovereign crisis have exacerbated. With the Spanish Royal Decree-Law 24/2012 of 31 August 2012, Sareb was created. The Fund for Orderly Bank Restructuring (FROB) held a majority shareholding of the financial institutions which in the judgement of the Bank of Spain require restructuring or winding up in accordance with Spanish Law 9/2012 (Banco Mare Nostrum, CEISS, Caja3 and Liberbank). Private shareholders own 55% of Sareb and the remaining 45% is held by the FROB.
Excerpted from Wikipedia’s “SAREB” article, available under the CC BY-SA 4.0 licence.