spain floor clauses agreements

Spanish banks return 37% of floor clauses demands

Spanish Banks Return 37% Of Floor Clauses Demands, Reject 20%

Spanish banks have returned 1.5 billion euros in cash to more than 350.000 people affected by the floor clause, with whom the lenders reached an agreement after they filed a claim. This is according to figures presented by the banks at September 30, via the Commission which was set up last April to monitor the issue.