• Bad bank to sell assets over 15 years
• Private investors to have majority stake in bad bank. To make up at least 55% of bank
• Banks, insurers, other investors to take part
• Bad bank to be financed with senior debt
• Bad banks’ equity to come from FROB, investors
• All details on bad bank to be published in days
• Bad bank to set price thresholds for asset transfers
• Equity to amount to 10% of value of assets
• Bank recap plan to be presented in October