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スペインの破綻して公的資金注入となったBANKIA銀行(信用金庫)の1000万0000人の預金者は、どうなるのか?
¿Qué pasa con los ahorradores de Bankia?
La decisión del Gobierno de inyectar fondos en la entidad reforzará su viabilidad
El futuro del grupo está pendiente del decreto del Ejecutivo para reformar el sector
What about savers Bankia?
The Government's decision to inject funds in the state will increase its viability
The future of the group is awaiting the executive decree to reform the sector
Alvaro Romero Madrid 8 MAY 2012 - 15:32 CET
The Government's decision to inject funds in the state will increase its viability
The future of the group is awaiting the executive decree to reform the sector
Alvaro Romero Madrid 8 MAY 2012 - 15:32 CET
Bankia is one of the four main banks in the country with 10 million customers and about 400,000 shareholders, who hope the news about the group's future now that it has confirmed the departure of Rodrigo Rato and the Government finalizing a recovery plan to ensure its viability. Although delayed, both the Ministry of Economy, through a brief statement, as its director, Luis de Guindos, told Efe-have come out against the concerns of savers by ensuring that the group "is absolutely solvent" and that the government will give "full support" to the new managers Bankia.
From the opposition, the PSOE leader, Alfredo Pérez Rubalcaba, has also sent a message of reassurance about the future of Bankia: "I have my money in Bankia, my savings, and I will not do anything, I trust completely and Bankia I want to reassure people who may be thinking what will happen to their money, "said in an interview on Onda Cero. Bankia has assets of 305,820 million, of which about 31,000 are problem loans tied to real estate.
Government support results in a possible injection of public money will be between 7,000 and 10,000 million, although not yet finalized how it will perform. On this point, the executive could announce news on Friday. It is not known at the moment what the restructuring plan will have to implement the new management team Bankia, which will be headed by former CEO of BBVA, Jose Ignacio Goirigolzarri. Here we present some of the questions it raises the whole process from customers that have multiplied today Bankia inquiries to your bank in the absence on the eve of official explanations.
Can it affect savers?
The answer is no. Quite the contrary. After months without a final decision on Bankia, the entity that focuses the concerns of foreign investors and is considered the key to set the exit strategy from the crisis, the Government has decided to put public money to ensure their viability. In exchange, has begun forcing the output of which until now was its president, Rodrigo Rato, head to drive the merger that created the group. This financial support from the State provides an insurance in order to ensure liquidity in the event that depositors choose to withdraw funds.
more informationFinance ensures the future of Bankia being unsure of saversRajoy accepted inject public money into banks after the failure of his reformThe Bank of Spain and Economy finalize a profound reorganization of BankiaBankia shares accentuate their stock market falls after the departure of Rato
None of the last four interventions (CCM, Cajasur, CAM and Banco de Valencia) decided over the crisis by the Bank of Spain, who is the one with the skills to do so and the Ministry of Economy, have occurred problems for savers.
The entity also could use to 25,000 million euros, according to estimates by international analysts cited by the FT has caught in the open bar ECB's liquidity.
In total, Bankia manages client funds by 231,390 million, as reflected in his last published results for the end of 2011. These accounts, however, remain to be audited has concluded that despite the deadline.
¿I can get my money when I want?
Remember that deposits and fixed income products provide a number of conditions to recover the money, the fine print. Therefore, in addition to the penalty for early redemptions, an entity may impose limits on both the amounts of money on the timing in which they can withdraw the funds.
As for the money that customers have on deposit accounts can be transferred without limitation, through both the Internet and in their own offices. To cancel an account, however, must be filed in the office all holders of the same.
What is the Guarantee Fund?
In case of bankruptcy of an entity law provides that the Deposit Guarantee Fund, an instrument funded by themselves, will cover up to € 100,000 per saver and bank. This limit was set by the government after the collapse of Lehman Brothers to boost confidence in the European financial system.
However, following the decision taken in December by the previous government it was the industry itself who paid the ransom, it was stipulated that the money needed to help troubled institutions come out of this fund, which has left him little joy . This piggy bank currently has assets 2,350 million (no public data), including contributions from 2011. Each year about 2,000 million will be raised.
On the opposite side, has spent 8,500 million. So far, the fund has paid the 1,300 million were placed in CCM; 5.289 million for CAM, 953 million and 1,000 million Unnim in Banco de Valencia. Next to it is committed to cover 80% of the possible default to appear on their credit portfolios. According to estimates, could reach 6,250 million on a total of 27,000 million.
Meanwhile, the Bank Restructuring Fund (FROB) has committed about 14,300 million in restructuring the sector, mostly through preferred stock in exchange for a 7.75% interest. To Bankia and other processes that occur have another 15,000 million due to the recent expansion of its capacity of 6,000 million approved by the Government.
What about investors?
Bankia For customers who have entered one of its investment funds, the recovery plan would have no impact in principle, since the entity acts as an intermediary and depositors of their money, which in turn invests in the market. Although you can use part of the funds to their own products, the legislation sets a maximum for it. Therefore, although the government's decision not directly affect investors, other users could be affected indirectly by a loss of value resulting from the process as a drop in share price.
What about shareholders?
At this point, the government's decision to inject public funds in Bankia and, above all, the way you choose to do so could affect the stock price of the entity. According to financial sources and based on the provisions of the decree for the restructuring of the sector, it is likely that the aid was made through a public loan billionaire through convertible bonds (known in financial terms and coconuts). These, if the bank fails and do not return the money, they can end up becoming long in the capital, which would mean the entry of the state as shareholder, which is not like in the equity markets.
In addition, based on the options on the table for the future of the entity, the possibility of a decision to merge with its parent Bankia, Finance and Savings Bank (BFA), where impaired assets are grouped in the group, dilute the value of the stock, causing a decrease in price. Since it went public in July 2011 at a price of 3.75 euros per share, Bankia has lost 40% of its value.
What condition are preferred customers?
Part of the Preferred investors and used the window opened by Bankia to convert these shares into shares. Traded entity by this operation 1.274 million, although the conditions fixed only receive 100% one year if they remained unsold new titles. Those who chose this option and accumulating heavy losses for the price at which fixed the exchange, are in the same situation as the shareholders at the expense of changing the price and waiting for lift medium-term return on investment .
Another big part of investors in preference, however, still unable to redeem. The bank is still pending further 3,000 million in these products.
From the opposition, the PSOE leader, Alfredo Pérez Rubalcaba, has also sent a message of reassurance about the future of Bankia: "I have my money in Bankia, my savings, and I will not do anything, I trust completely and Bankia I want to reassure people who may be thinking what will happen to their money, "said in an interview on Onda Cero. Bankia has assets of 305,820 million, of which about 31,000 are problem loans tied to real estate.
Government support results in a possible injection of public money will be between 7,000 and 10,000 million, although not yet finalized how it will perform. On this point, the executive could announce news on Friday. It is not known at the moment what the restructuring plan will have to implement the new management team Bankia, which will be headed by former CEO of BBVA, Jose Ignacio Goirigolzarri. Here we present some of the questions it raises the whole process from customers that have multiplied today Bankia inquiries to your bank in the absence on the eve of official explanations.
Can it affect savers?
The answer is no. Quite the contrary. After months without a final decision on Bankia, the entity that focuses the concerns of foreign investors and is considered the key to set the exit strategy from the crisis, the Government has decided to put public money to ensure their viability. In exchange, has begun forcing the output of which until now was its president, Rodrigo Rato, head to drive the merger that created the group. This financial support from the State provides an insurance in order to ensure liquidity in the event that depositors choose to withdraw funds.
more informationFinance ensures the future of Bankia being unsure of saversRajoy accepted inject public money into banks after the failure of his reformThe Bank of Spain and Economy finalize a profound reorganization of BankiaBankia shares accentuate their stock market falls after the departure of Rato
None of the last four interventions (CCM, Cajasur, CAM and Banco de Valencia) decided over the crisis by the Bank of Spain, who is the one with the skills to do so and the Ministry of Economy, have occurred problems for savers.
The entity also could use to 25,000 million euros, according to estimates by international analysts cited by the FT has caught in the open bar ECB's liquidity.
In total, Bankia manages client funds by 231,390 million, as reflected in his last published results for the end of 2011. These accounts, however, remain to be audited has concluded that despite the deadline.
¿I can get my money when I want?
Remember that deposits and fixed income products provide a number of conditions to recover the money, the fine print. Therefore, in addition to the penalty for early redemptions, an entity may impose limits on both the amounts of money on the timing in which they can withdraw the funds.
As for the money that customers have on deposit accounts can be transferred without limitation, through both the Internet and in their own offices. To cancel an account, however, must be filed in the office all holders of the same.
What is the Guarantee Fund?
In case of bankruptcy of an entity law provides that the Deposit Guarantee Fund, an instrument funded by themselves, will cover up to € 100,000 per saver and bank. This limit was set by the government after the collapse of Lehman Brothers to boost confidence in the European financial system.
However, following the decision taken in December by the previous government it was the industry itself who paid the ransom, it was stipulated that the money needed to help troubled institutions come out of this fund, which has left him little joy . This piggy bank currently has assets 2,350 million (no public data), including contributions from 2011. Each year about 2,000 million will be raised.
On the opposite side, has spent 8,500 million. So far, the fund has paid the 1,300 million were placed in CCM; 5.289 million for CAM, 953 million and 1,000 million Unnim in Banco de Valencia. Next to it is committed to cover 80% of the possible default to appear on their credit portfolios. According to estimates, could reach 6,250 million on a total of 27,000 million.
Meanwhile, the Bank Restructuring Fund (FROB) has committed about 14,300 million in restructuring the sector, mostly through preferred stock in exchange for a 7.75% interest. To Bankia and other processes that occur have another 15,000 million due to the recent expansion of its capacity of 6,000 million approved by the Government.
What about investors?
Bankia For customers who have entered one of its investment funds, the recovery plan would have no impact in principle, since the entity acts as an intermediary and depositors of their money, which in turn invests in the market. Although you can use part of the funds to their own products, the legislation sets a maximum for it. Therefore, although the government's decision not directly affect investors, other users could be affected indirectly by a loss of value resulting from the process as a drop in share price.
What about shareholders?
At this point, the government's decision to inject public funds in Bankia and, above all, the way you choose to do so could affect the stock price of the entity. According to financial sources and based on the provisions of the decree for the restructuring of the sector, it is likely that the aid was made through a public loan billionaire through convertible bonds (known in financial terms and coconuts). These, if the bank fails and do not return the money, they can end up becoming long in the capital, which would mean the entry of the state as shareholder, which is not like in the equity markets.
In addition, based on the options on the table for the future of the entity, the possibility of a decision to merge with its parent Bankia, Finance and Savings Bank (BFA), where impaired assets are grouped in the group, dilute the value of the stock, causing a decrease in price. Since it went public in July 2011 at a price of 3.75 euros per share, Bankia has lost 40% of its value.
What condition are preferred customers?
Part of the Preferred investors and used the window opened by Bankia to convert these shares into shares. Traded entity by this operation 1.274 million, although the conditions fixed only receive 100% one year if they remained unsold new titles. Those who chose this option and accumulating heavy losses for the price at which fixed the exchange, are in the same situation as the shareholders at the expense of changing the price and waiting for lift medium-term return on investment .
Another big part of investors in preference, however, still unable to redeem. The bank is still pending further 3,000 million in these products.
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