The Bank of Spain earned 62 million in interest and commissions with the bailout to the financial sector

The rescue of the Spanish financial sector has left an invoice for the public coffers of, for now, 66,567 million euros, according to a report on the audit of the process prepared by the Court of Auditors.

But not all public agencies that contributed funds to clean up the process support red numbers in their balance sheet. The Bank of Spain, the institution that was in charge of supervising the process and approved the successive restructuring plans, accumulates a benefit of 62 million euros for its participation in the rescue.

This is due to the fact that the financing and liquidity lines amounting to 9,800 million euros made available to Banco de Valencia, Caja Castilla-La Mancha and Banco Gallego did not incur any cost to the public body and, however, left the entity more than 60 million in commission and interest income.

The current governor of the institution, Pablo Hernández de Cos, refuses to make allegations about the report in a statement attached to the Court of Auditors publication.

On the other hand, the institutions that took the worst part of the rescue were the Frob, with a contribution of 45,344 million euros, and the Credit Institution Deposit Guarantee Fund (FGDEC), which at the end of 2018 lost 21,295 million.

The amount of committed public aid offered by the Court of Auditors increases the last forecast of the bailout cost carried out on November 20 by the Bank of Spain (65,725 million euros) by almost one billion euros.

According to the criteria of The Trust Project