Staying put

doValue, a leading operator in Spain which offers banks and investors services for managing their credit portfolios and real estate assets.

INFRASTRUCTURE company Acciona had considered moving its headquarters outside Spain, following the departure of its rival Ferrovial.

can offload loans to companies experiencing problems. They attempted a similar solution during the 2008 crisis with Proyecto Phoenix although with little success.

Bank of Spain permission will be essential for passing on these loans to the proposed ‘bad bank’ that would be managed by

Nevertheless, the same sources have expressed their doubts about the success of this project, which explained why the banks were considering alternatives that included selling on their risky loans.

The outcome of the Sabadell project ­ which was not guaranteed to go ahead, they said ­ could also prepare the ground for Spain’s other high street banks.