Spain Says Sticking to Timetable for Bank Audit by End-July

Spain’s government said it is sticking to its plan to publish an audit of banks’ balance sheets in July, denying it would postpone the report by two months.

The government is keeping the initial deadline of July 31 for the publication of reports by four auditors, said an Economy Ministry official, who asked not to be named in line with government policy. Officials at the ministry in Madrid had declined to comment earlier on reports by Expansion newspaper and Bloomberg News that the audits would be delayed until September.