Publicēts: 16.03.2015.

In accordance with article 6 of Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems, the Banco de España hereby informs you of the following:

The institution ‘Banco de Madrid, S.A.’ (registered in Banco de España and with BIC code TARGET2 MADRESMMXXX) is a participant in TARGET2-BE system.

On the 10th March 2015 the Executive Commission of Banco de España appointed two administrators of the institution in order to ensure the continuity of this bank’s activity. Today, the decision has been made public by the provisional administrators of Banco de Madrid, S.A. to apply for insolvency proceedings and to suspend the bank’s operations until a pronouncement has been made by the Judge appointed to the case.

Banco de España, in its condition of operator of TARGET2-BE and in accordance with regulations, adopted a caution decision consisting on the temporary exclusion of the institution as participant of the TARGET2-BE.