The European Central Bank (ECB) on Wedesnday denied a report of its rejection of a Spanish bank's recapitalization plan.

"Contrary to media reports published today, the European Central Bank has not been consulted and has not expressed a position on plans by the Spanish authorities to recapitalize a major Spanish bank," said a statement released by the ECB.

According to the statement, "the ECB stands ready to give advice on the development of such plans. It should be noted, however, that the funds needed to ensure banks' compliance with capital requirements, can not be provided by the Eurosystem."

A report said the ECB rejected a Spanish plan to recapitalize one of Spain's largest banks Bankia by indirectly tapping the ECB for money to help the bank.