MADRID May 16 Spain's economy minister on
Tuesday said state-owned Bankia was analyzing a
potential merger with Banco Popular, along with other
banks that had also shown interest in the troubled lender.
"Bankia is an important entity, which is very healthy, has a
lot of capital and a good management team. My information is
that it is analyzing Banco Popular's situation, like the
others," Luis de Guindos told reports at an event in Barcelona.
Guindos said the Spanish banking sector was sound and that
any decision from Banco Popular regarding a merger would be up
to its management and shareholders.
Banco Popular said earlier several groups had shown interest
in a potential merger, one of several options it is considering
as its new management struggles to clean up billions of euros in
(Reporting By Jesús Aguado; Editing by Angus Berwick)