A bank spokesman would not comment on any changes.

"We have analyzed the economics and decided that they were not appropriate for us," a bank spokesman said.

A bank spokesman said no timetable had been established at the time for the transfer.

A bank spokesman said only that the timing and design of any offering would take current market conditions into account.

A bank spokesman said that 45 environmental projects are to be introduced in the next three years.

A bank spokesman declined to elaborate on the reasons for the review or how it was conducted.

Telephone calls to a bank spokesman went unanswered late yesterday.

A bank spokesman said management continued to believe it would have an operating profit by the end of the year.

A Spanish central bank spokesman said that by law, details of the investigation could not be released.

A central bank spokesman said any evidence of criminal offenses would be turned over to a court.