MADRID (Reuters) - Spain's banking companies would desire involving 51 thousand plus 62 billion euros ($64-78 billion) throughout additional cash to weather conditions a serious downturn belonging to the economy and also different profits / losses on their own books, two independent audits with the field showed upon Thursday.
The final results with the taxation through consultancies Roland Berger and Oliver Wyman will certainly right now be as used by the Spanish govt to find out the amount connected with 100 million euros connected with available European funds it takes in order to recapitalize suffering lenders, after which it that will formalize an aid require to help alternative euro zone countries.
The Bank of Spain reported on Thursday the particular 100 thousand euro bailout fund gives an extensive perimeter to be able to proper these capital needs.
It stated Spain's a few most significant banks won't will need further cash within a stressed scenario, noting the fact that troubles usually are constrained to your small group of Spanish banking institutions for which your state has witout a doubt started out to be able to act.
Spain's overall economy ministry mentioned a more comprehensive audit could include September. ($1 = 0.7933 euros)
(Reporting By Julien Toyer along with Nigel Davies; Writing through Tracy Rucinski; Editing simply by Paul Day)
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