Record loss for Spain's Bankia amid recovery signs

euronews (in English)
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Bankia has reported Spain's biggest ever corporate loss - 19.2 billion euros.

That came as the rescued lender announced huge writedowns - 24 billion euros - after abandoning hope of ever being able to sell the property assets it lent money on.

However, there were some tentative signs of recovery with deposits rising, non-performing loans falling and costs being cut.