Spain's Economic Secretary has said that there had not been an exit of deposit funds from troubled bank Bankia, according to Reuters.
Economic Secretary Fernando Jimenez Latorre said: "It's not true that there is an exit of deposits at this moment from Bankia".
El Mundo newspaper had reported earlier that Bankia had lost over 1 billion euros in deposits, around 1% of retail and corporate accounts, over the past week.
Santander UK has been quick to reassure customers that their money is in safe hands, despite being downgraded by Moody's ratings agency.
The decision by a credit rating agency to downgrade Santander UK is another demonstration that the troubles in the eurozone affect us all