
LANDLORDS may be able to offset between 70% and 90% of rental income against their annual tax declarations if their tenants are young adults or from 'vulnerable communities', according to the planned new housing...
Forgot your password?
Feedback is welcome
The Ordered Banking Restructure Fund has recently given the ailing Banco de Valencia a cash injection of 4,500 million euros, and its nationalisation means it will be one of four financial entities to get a slice of the 37,000-million-euro bailout from the EU.
Banco de Valencia registered losses of 389.4 million euros in the first nine months of 2012, after having cut its deficit by 55.5 per cent – from 876.44 million – thanks to the grant from the FROB.
The FROB has resurrected the auctioning off of Banco de Valencia – a former affiliate of Bancaja – along with Catalunya Banc, but the former was given priority due to its smaller size.
Resistance tests – devised by the management consultancy Oliver Wyman – found that in the event of adverse economic conditions, the entity would need up to 3,462 million euros in capital.
CaixaBank has worked out that it will be forced to carry out a restructure of the Banco de Valencia in the gross sum of 233 million euros, although it believes that from 2014 onwards, this will generate savings of 85 million a year in costs.
The sale is expected to be completed by the first quarter of 2013.
LANDLORDS may be able to offset between 70% and 90% of rental income against their annual tax declarations if their tenants are young adults or from 'vulnerable communities', according to the planned new housing...
WE'VE only just finished our Easter holidays, and already there's another key date waiting for us.
YOU may have heard the term 'Golden Visa' as a method of getting residence or even citizenship in certain European Union countries, including Spain – perhaps you are wondering whether you would qualify, or are...
AFTER more than six years with the Eurozone interest rate, or Euribor, in negative figures, mortgage repayments have now risen at unprecedented speed and within one calendar year, leading to first-time buyers or those...