2012年6月28日木曜日

BANKIA has lost of 13'635'000'000 yuro

EL PAIS
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La valoración del grupo de Bankia muestra un agujero de 13.635 millones

La valoración negativa deja a las cajas sin ninguna participación en la entidad

El consejo de Banco Financiero y de Ahorros dimite en bloque por la nacionalización

 
 
 
The assessment shows a group of Bankia 13.635 million hole


The negative assessment leaves the boxes without any interest in the entity

The Board of Finance and Savings Bank resigns en bloc by the nationalization



Miguel Jimenez Madrid 27 JUN 2012 - 19:18 CET
 
The group Bankia worthless. Worse, his assessment is negative, -13.635 million euros. That is the appraisal on the face of nationalization that was presented today to the board of the entity, sources of such advice. That means that the conversion of the 4.465 million of preferred shares of Bank Savings Financial (BFA) results in 100% nationalization of the matrix and, indirectly, 45% of Bankia. The BFA board of directors resigned en bloc.
The seven savings banks that are BPA was created without any equity in the state, leaving them no future dividends to be used for social work. The entities concerned are Caja Madrid, Bancaja, La Caja de Canarias, Caja de Avila, Laietana Caixa, Caja Segovia and Caja Rioja. The seven contributed to its financial business BFA and are now nothing more than the assets of the social work that were left out of integration.


more informationThe boxes lose their heritage in BFA-Bankia by the slab of brickCommission approves temporary nationalization of the matrix Bankia
The valuation of the entity is pre-public capital injections, both the EUR 4.465 million to capitalize the new 19,000 million as requested by the new president, Jose Ignacio Goirigolzarri. Writing governing preference shares (a kind of loan) of Bank Restructuring Fund stated that a review should take place when converting those shares into shares. That assessment that determines that nationalization is complete.
In Unnim, the entity has already been valued at zero, while Novacaixagalicia CatalunyaCaixa and retained minority stakes in the nationalized bank through which they operate. However, the latter two entities need to become public money, so you may also end up 100% nationalized.
BFA closed the year 2011 with equity and negative equity, according to accounts approved by its board of directors. That assumes that the entity headed by Jose Ignacio Goirigolzarri be declared technically bankrupt, with a negative net worth 4.489 million euros from the accounting point of view. Economic valuation has been even worse, to take into account the outstanding losses emerge.
The restated consolidated accounts in late May by the board of BFA shows that consolidated profit loss was EUR 4.952 million (including minority corresponding to Bankia), the largest Spanish financial history, for front of the 3,500 million Banesto lost in 1993. This represents 164 times the consolidated losses of 30.25 million initially reported.
The Board of Finance and Savings Bank has resigned en bloc. The alternative to facing was to be immediately dismissed. Despite the recent departure of Rodrigo Rato, Jose Manuel Fernandez Norniella and Angel Acebes, still remained in the Council of the entity who have held political positions highlighted with the PP and Mercedes de la Merced, Jose Manuel Serra Peris, Agustin Gonzalez and Ricardo Romero de Tejada, along with other representatives of the merged banks, mainly from Caja Madrid and Bancaja.

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