Ministerio de Economía y Competitividad
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FAA Fund

Purpose and Manangement

The Financial Assets Acquisition Fund (FAAF), was created in order to provide support to bank lending or credit activities to non financial companies and individuals.

It is administered, managed and led by the Spanish Ministry of Economy and Finance, and will have an initial allocation of 30 billion Euros, which may be increased to 50 billion Euros.

This Fund will purchase acquire top quality assets from Credit Institutions using market criteria, giving priority to those assets backed by new credit to ensure that the funding reaches companies and citizens.


News
  • (N) 30/03/2012
    Board of Ministers Agreement on the FAAF liquidation and extinction .
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  • 03/16/2010
    Advisory Board Agreement on the partial modification of the Fund investment guidelines.
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  • 06/30/2009
    Advisory Board Meeting-Press release.
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    Agreement on the transfer of funds to the Public Treasury.
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  • 06/01/2009
    Advisory Board Meeting-Press release.
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  • 02/24/2009
    List of entities that have obtained FAAF funding.
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  • 02/10/2009
    Results of the fourth auction of the FAAF .
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  • 01/21/2009
    Result of the third auction of the FAAF.
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  • 12/11/2008
    Executive Commitee of the FAAF agrement for the third and fourth auctions of the Fund .
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