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FOBR
LEI 9598003BMPEXVHQH0Z06

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Organization name
Fund for Orderly Bank Restructuring
Country name
Spain
Country of registration
Spain
Industry
Other Financial Institutions
Public debt
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Profile

The Fondo de reestructuración ordenada bancaria (FROB), in English known as Fund for Orderly Bank Restructuring (FOBR), is a banking bailout and reconstruction program initiated by the Spanish government in June 2009. FROB, translated as the "Fund For Orderly Bank Restructuring", presides over the mergers and acquisitions of Spain's failing savings banks. FROB was funded with €99 billion, which it has used to incentivize the nations large savings banks (or Cajas) to participate in large joint "virtual" mergers in an effort to stave off systematic financial instability

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Codes

  • LEI
    9598003BMPEXVHQH0Z06
  • SIC
    9651 Regulation of miscellaneous commercial sectors
  • NACE
    *** ***
  • NAICS
    *** ***
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