欧州中央銀行が欧州諸国の銀行に融資した1兆0000'0000'0000ユーロのうち、欧州の278の銀行は1370億0000'0000ユーロを返済,スペインの銀行は440億0000'0000ユーロを返済
Los bancos españoles devuelven al BCE 44.000 millones de una tacada
Las entidades, más saneadas, reintegran antes de tiempo el dinero de la barra libre
La banca europea pretende recuperar su reputación devolviendo el miércoles 137.000 millones
Claudi Pérez Bruselas 30 ENE 2013 - 11:28 CET
22.000 millones que solicitó.
Spanish banks back to the ECB 44,000 million in one go
Entities, more healthy, early refunded money from the open bar
The European bank seeks to recover its reputation by returning 137,000 million on Wednesday
Claudi Perez Brussels 30 ENE 2013 - 11:28 CET
It's time to return to the ECB bank favors rendered. The European Central Bank president, Mario Draghi, was invented just over a year the open bar of liquidity to the financial sector-a deluge of a billion euros at virtually zero cost and repay in easy installments, when it seemed that everything was going adrift. After months of calm, the crisis back on track last summer, this time by the side of the public debt: then, Draghi is conjured 14 words ("the ECB is ready to do whatever is necessary; believe me, it will be enough ") and speculators fled like rabbits. The period of relative calm that began then continues on today. And it's time to return the gift: banks are preparing to do it at full speed, even before time, because they are healthier, because they need to show markets that iron poor health.
The Eurobanco revealed last week that European banks are quick to refund the money from the open bar: on Wednesday, the first day that opens the window for that, 278 banks seek to return more than 137,000 million euros. European sources and sources close to the ECB explained to this newspaper that Spanish banks reimburse 44,000 million, a third of the total.
That figure has several readings. In both cases, and especially in a Spanish bank that has been the subject of a European bailout and a continuous shaking markets, analysts interpreted the data as a good sign. As a show of confidence, a return to relative normality. Although at least part of that policy is actually a dangerous signal to the market, the result of an effort to do well in the picture, according to financial sources.
It all adds up: banks issue debt, deposits grow, investors begin to return
Banks reissued debt markets fairly smoothly. Deposits grow back. And, far and that emergency prompting Draghi to announce the open bar one billion euros, large investors are gradually returning to Europe, including the peripheral countries. It all adds up: even regulators have additional respite to the sector, with the relaxation of capital standards for the financial system, despite playing to that of French president Nicolas Sarkozy in a G-20 promised to rebuild the capitalist. "The markets have reopened, but the number returned by European banks, especially the Spanish, surprise: still need a liquidity buffer in case things go wrong. Entities are better, but also not be stigmatized seeking "says Antonio Garcia Pascual from London, of Barclays Capital. "It is a positive development because it indicates that all is better. But it raises questions: beyond the effect on the reputation of the banks, certain entities are rushing too much in an environment where liquidity windows reclosable and in any case will be more expensive than the ECB funding "abounds Emilio Ontiveros, president of AFI. Analysts say two negative effects may arise. One: you can return the pressure on the risk premium if the bank decides to sell debt for refunding the money at the ECB. And two: reducing liquidity buffers affect credit, complicating the exit from recession.
Oblivious to all this, the main Spanish banks are quick to send messages to the market: Banco Popular, which has been forced to raise capital recently-announced yesterday that returns 17,000 1,300 million it requested the ECB in the two auctions. Sabadell and Bankinter reimbursed have ensured that similar figures, and BBVA plans between January and February repay a substantial portion of the 22,000 million requested.
Source: ECB. / The Country
The ECB opened the window at times impossible unpublished rates and even do a little more than a year in part to undo the mess in the markets, in part to shore up the balance sheets of financial institutions and to give air to the public debt, and in part to give more credit banks. She untied the knot in the stock and bond markets, but Draghi himself has acknowledged that the second goal-that banks pay-only partially achieved. Or even that: lending to companies fell 70,000 million last year (the latest data available, up to November), and credit to households, 20,000 million. That's one of the lessons of this crisis is a reality for the bankers, and one for the rest of us.
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