(1) Bankia needed a further €4.5bn emergency injection of capital from Spain's state FROB rescue fund on Monday as it prepared itself for the eurozone bailout.
(2) Spain already had a restructuring fund for its banks – known as FROB – which will provide the resources for the recapitalisation of Bankia.
(3) "While the restructuring process is completed, the Frob intends to inject capital shortly," it said.
(4) The judge has also summoned the former governor of the Bank of Spain , the president of Stock Market National Commission, the Deloitte partner who worked for Bankia and the legal representative of the Frob (Fondo de Reestructuración Ordenada Bancaria) to testify.
(5) The decision to use the Frob to inject capital into Bankia rather than an emergency facility set aside by the eurozone rescue fund, came as the finance ministry failed to give full details of what losses would be born by shareholders and small investors who bought hybrid preference shares in banks that receive eurozone money.
(6) The Fund for the Orderly Bank Restructuring (Frob) said Bankia's restructuring plan should be ready by October, allowing eurozone rescue money to arrive in November.
(7) Lisp combined with the FROBS expert system shell permitted a declarative representation of each of the components of the experiment, resulting in a transplant specification of the problem within a maintainable system.
(8) A single intravenous introduction of prospidin-C14 was found to be followed by its quick (in 2 hours) disappearance frob the blood.
(9) However, De Guindos said Spain's most troubled bank, Bankia, will get urgent aid and the country's bailout fund, the FROB, said it was injecting €4.5bn into the ailing lender.
(10) The money will be funnelled through Spain's existing bailout fund, called the Frob, and will add to the country's modest but quickly growing national debt with the government "retaining the full responsibility".
(11) Spain asked for the money to go to its FROB bank rescue fund, increasing the national debt.
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Definition:
(prep.) Out of the neighborhood of; lessening or losing proximity to; leaving behind; by reason of; out of; by aid of; -- used whenever departure, setting out, commencement of action, being, state, occurrence, etc., or procedure, emanation, absence, separation, etc., are to be expressed. It is construed with, and indicates, the point of space or time at which the action, state, etc., are regarded as setting out or beginning; also, less frequently, the source, the cause, the occasion, out of which anything proceeds; -- the aritithesis and correlative of to; as, it, is one hundred miles from Boston to Springfield; he took his sword from his side; light proceeds from the sun; separate the coarse wool from the fine; men have all sprung from Adam, and often go from good to bad, and from bad to worse; the merit of an action depends on the principle from which it proceeds; men judge of facts from personal knowledge, or from testimony.