MADRID, Sept. 10 (Xinhua) -- Spanish banks received a total of 84.195 billion euros (111.638 billion U.S. dollars) of public aid in 2011 to combat the crisis affecting the sector, Spain's National Competition Commission reported on Tuesday.
The figure was almost 94.5 percent of the total public aid injected by the public sector that year (89.162 billion euros), which represented 7.84 percent of Spain's Gross Domestic Product (GDP).
Each Spaniard paid 1,781.3 euros to reorganize Spain's financial entities, said the Commission.
In annual terms, the amount received by the Spanish banking sector decreased by 4.967 billion euros between 2010 and 2011, from 89.162 billion euros to 84.195 billion euros, the Commission reported.
A year later, in June 2012, the Spanish government asked for financial aid from the European Union (EU) in order to recapitalize its baking system.
The EU gave Spain 37 billion euros to recapitalize the EU's so-called first group of banks (including Spain's nationalized entities, Bankia, Catalunya Caixa, Banco de Valencia and NovaGalicia Banco) and 1.865 billion euros for the EU's so-called second group: Liberbank, Caja3, BMN and CEISS. (1 euro=1.32 U.S. dollars)