While Spain is grappling to consolidate its position in the international market, here comes another bouncer as the cash crunched Banco Cam is struggling to catch hold of its rising debt.

While foreign banks and other private equity players have already refused to get into the already embattled Spanish market, the central bank had no option to left but to be the savior as was done in the case of Caja Castilla La Mancha (CCM) and CajaSur.

It was reported that Cam, named as Caja de Ahorros del Mediterraneo, had suffered net loss of _1.14bn and the worrying part is that it's bad loan ratio has gone to as high as 19% of the assets, from its earlier mark of 9.1% in December.

Moreover, it has been confirmed that Spain's official bank bail-out fund, Frob, would extend _2.8bn of capital into Cam, and the central bank would support with _3bn.

It has been reported that Santander, BBVA or Caixabank are being seen among the potential buyers for Cam. While market experts are not putting much on the future of the embattled bank, it's being believed that the government has to take a final call on the future prospects of the bank.