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スペインの銀行や信用金庫は、1850億0000'0000ユーロの不良債権を抱える、うち850億0000'0000ユーロは不動産
La banca suma ya 85.000 millones en pisos, solares y promociones
Unos 120.000 millones en activos problemáticos están sin provisionar
El Gobierno exigirá coberturas más duras para los créditos sanos del ladrillo
The banks now totals 85,000 million homes, lots and promotions
Some 120,000 million in troubled assets are not provisioned
The Government will require tough coverage for claims brick healthy
DOWNLOADABLE Table with data broken down by entities
Miguel Jimenez Madrid 9 MAY 2012 - 00:31 CET
Some 120,000 million in troubled assets are not provisioned
The Government will require tough coverage for claims brick healthy
DOWNLOADABLE Table with data broken down by entities
Miguel Jimenez Madrid 9 MAY 2012 - 00:31 CET
Credit to the real estate sector is the Achilles heel of Spanish banks. Brick toxic assets continue to grow and balance sheets of banks, more and more buildings that financial institutions remain for unpaid loans. That problem is what has made it necessary to reorganize the group Bankia with public money and has caused the departure of Rodrigo Rato of the entity. Figures recently published Financial Savings Bank (BFA) and its subsidiary Bankia complete the picture of the real estate risk in the financial sector. Banks and closed 2011 with more than 180,000 billion in toxic assets, of which over 100,000 are problem loans and are about 85,000 million homes, offices, plots, promotions and other assets received for unpaid debts.
more informationThe Government will impose tougher provisions for banks 'healthy brick'Half of the reorganization of the big banks is a mere accounting adjustment
In its financial stability report, the Bank of Spain stood at 184,000 million volume of real estate assets "potentially problematic". This category includes non-performing loans, the substandard (at risk of default but are still current) and those foreclosed assets. A calculation done for the country with the figures themselves banks and put the number of troubled assets at 188,000 million, also including in total 6,000 million in investments in real estate firms. In the cases we are almost 130,000 million, more than double the banks.
A first step of the problems is how much credit has been allocated to real estate development and construction. No entity in which the weight of the credit promoter exceeded 20% of the total have survived alone. Exceeded this threshold the intervened Caja Castilla-La Mancha and CAM, and NCG CatalunyaBanc the nationalized Bank and entities absorbed as Box 3, Caja Duero, Spain, Civic Bank or Banco Pastor. The only exception is BFA, but the situation has necessitated a reorganization plan with public aid. The group is Bankia, with 31,800 million, which is more troubled assets, but has specific provisions and general 12,000 million more than 1,000 million, higher than those of many entities.
Banks and savings banks are left with 36,000 million land plots
The second measure of the difficulties is how much of that credit already gives problems. About 30% of real estate loans, about 63,700 million, is doubtful and 18%, 39,500 million, is substandard. To cover the possible default of these problem loans amounting to 103,000 million, banks and specific provisions are more than 30,000 million. That is, there are over 70,000 million which recovery depends on the value of collateral. But nearly half of credit to, the warranty is ground (59,000 million) or unfinished developments (29,000 million).
The boxes added twice more toxic active banks
The other key item of property is repossessed. These flats, offices, sites and promotions that banks have been (by foreclosure or in lieu of payment) to the non-payment of credit that financed its purchase. The calculation gives a figure of 85,000 million among which dominates the ground (with 36,000 million), followed by promotions finished or under construction (with 23,000 million) and the condos and homes attached to individuals (15,300 million). This also includes interests in real estate amounting to 6,000 million as those have been the banks to swap debt for stock, for example, Metrovacesa.
The bank has made provisions or value adjustments on these assets amounting to about 30,000 million, of which half are for the floor. Would be over 50,000 million net in the balance sheets of the entities. Therefore, between bad loans and foreclosed real estate assets substandard and more than 120,000 million are problematic without provisioning.
The Bank of Spain acknowledges that its measures were not sufficient to eliminate uncertainty about the value of the assets related to real estate, particularly land, to the continuous adjustment of the sector and the worsening of the crisis. The first financial reform launched by the Government of Mariano Rajoy provisions intended to increase 60% to soil, 50% for completed developments and up to 40% for flats, plus some additional capital cushions and a general provision 7% of the credit promoter theoretically sound in a package estimated at about 50,000 million. But much of the new provisions on their way to be a mere accounting adjustment of existing games and has also been seen that the crisis was quickly becoming problematic credit once considered healthy. The IMF also warned of bad debts hidden via artificial debt refinancing.
Bankia group is the one with a higher volume of property
Now in the new financial reform prepared by the Government, besides promoting entities from removing the property from its balance sheet, the government plans to require tougher provisions for normal credit brick, according to the agency Efe forward, which amounted additional provisions that are required for this reason between 20,000 and 40,000 million. That would discourage hidden delinquency. At year end, loans considered normal promoter was about 120,000 million.
more informationThe Government will impose tougher provisions for banks 'healthy brick'Half of the reorganization of the big banks is a mere accounting adjustment
In its financial stability report, the Bank of Spain stood at 184,000 million volume of real estate assets "potentially problematic". This category includes non-performing loans, the substandard (at risk of default but are still current) and those foreclosed assets. A calculation done for the country with the figures themselves banks and put the number of troubled assets at 188,000 million, also including in total 6,000 million in investments in real estate firms. In the cases we are almost 130,000 million, more than double the banks.
A first step of the problems is how much credit has been allocated to real estate development and construction. No entity in which the weight of the credit promoter exceeded 20% of the total have survived alone. Exceeded this threshold the intervened Caja Castilla-La Mancha and CAM, and NCG CatalunyaBanc the nationalized Bank and entities absorbed as Box 3, Caja Duero, Spain, Civic Bank or Banco Pastor. The only exception is BFA, but the situation has necessitated a reorganization plan with public aid. The group is Bankia, with 31,800 million, which is more troubled assets, but has specific provisions and general 12,000 million more than 1,000 million, higher than those of many entities.
Banks and savings banks are left with 36,000 million land plots
The second measure of the difficulties is how much of that credit already gives problems. About 30% of real estate loans, about 63,700 million, is doubtful and 18%, 39,500 million, is substandard. To cover the possible default of these problem loans amounting to 103,000 million, banks and specific provisions are more than 30,000 million. That is, there are over 70,000 million which recovery depends on the value of collateral. But nearly half of credit to, the warranty is ground (59,000 million) or unfinished developments (29,000 million).
The boxes added twice more toxic active banks
The other key item of property is repossessed. These flats, offices, sites and promotions that banks have been (by foreclosure or in lieu of payment) to the non-payment of credit that financed its purchase. The calculation gives a figure of 85,000 million among which dominates the ground (with 36,000 million), followed by promotions finished or under construction (with 23,000 million) and the condos and homes attached to individuals (15,300 million). This also includes interests in real estate amounting to 6,000 million as those have been the banks to swap debt for stock, for example, Metrovacesa.
The bank has made provisions or value adjustments on these assets amounting to about 30,000 million, of which half are for the floor. Would be over 50,000 million net in the balance sheets of the entities. Therefore, between bad loans and foreclosed real estate assets substandard and more than 120,000 million are problematic without provisioning.
The Bank of Spain acknowledges that its measures were not sufficient to eliminate uncertainty about the value of the assets related to real estate, particularly land, to the continuous adjustment of the sector and the worsening of the crisis. The first financial reform launched by the Government of Mariano Rajoy provisions intended to increase 60% to soil, 50% for completed developments and up to 40% for flats, plus some additional capital cushions and a general provision 7% of the credit promoter theoretically sound in a package estimated at about 50,000 million. But much of the new provisions on their way to be a mere accounting adjustment of existing games and has also been seen that the crisis was quickly becoming problematic credit once considered healthy. The IMF also warned of bad debts hidden via artificial debt refinancing.
Bankia group is the one with a higher volume of property
Now in the new financial reform prepared by the Government, besides promoting entities from removing the property from its balance sheet, the government plans to require tougher provisions for normal credit brick, according to the agency Efe forward, which amounted additional provisions that are required for this reason between 20,000 and 40,000 million. That would discourage hidden delinquency. At year end, loans considered normal promoter was about 120,000 million.
スペインの銀行や信用金庫は、1850億0000'0000ユーロの不良債権を抱える、うち850億0000'0000ユーロは不動産
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