Spain has been discussing how much each shareholder of nationalized lender Banka will lose once the European Commission injects a capital worth 10.7 billion euro into the bank.
Bankia, a merger of seven savings banks highly affected by the crash of property sector 5 years ago, became the hot spot of the banking crisis in Spain when it decided a massive bailout last year, forcing the Spanish country to ask for 50 billion euros in European aid for the troubled banks.
The shareholders would see 0.13 % of Bankia's capital and 1.3 percent of the bank if price is set at 0.01 euro and 0.1 euro price, respectively.
According to calculations made by Reuters, the cash difference for the shareholders will not be over 180 million euros.
Bankia is projecting a return to profit this year with the aim of 1.2 billion euros in net profit by 2015 though it expects more than 19 billion euros in loss for this year.
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