MADRID Nov 12 Shares in Banco Popular gained as much as 6.8 percent on Monday after Spain's sixth-biggest bank secured a 2.5 billion euro ($3.18 billion) capital increase through steep discounts, averting the need to seek state aid. At 8.29 GMT, shares were up 6.9 percent to 1.20 euros. At a special meeting in Madrid on Saturday, large shareholders backed the plan, seen as a key test of Spanish banks' ability to tap markets ($1 = 0.7868 euros) (Reporting By Jesús Aguado; editing by Sarah Morris)
Banco is bigger than 100 other banks in Spain
We don't know how many other banks are in Spain, so Banco Popular could be larger than 100 other banks or it could be larger than only 5 other banks
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