Spain on Monday requested formally the disbursement of 39.5 billion euros ($51.4 billion) of European funds to recapitalize its crippled banking sector, the Economy Ministry said in a statement.
The money - 37 billion euros for the four nationalized banks Bankia , Catalunya Banc, NCG Banco and Banco de Valencia and 2.5 billion euros for the so-called "bad bank" - should be paid to the state's banking fund FROB around December 12, it added.
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Euro zone finance ministers are expected to approve the disbursement later on Monday when they meet in Brussels for their monthly meeting.
($1 = 0.7689 euros)
(Reporting By Jes��s Aguado; Editing by Julien Toyer)