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スペインの不良債権で国有化されたBANKIA銀行前身の与党の国民党の管理下のCaja Madrid, Bancajaの乱雑な不動産投資が銀行破綻の原因
Los activos tóxicos del ladrillo, la losa que sepultó a la gran caja de ahorros del PP
La fuerte exposición al sector constructor y promotor inmobiliario ha sido el lastre que ha condenado a la nacionalización a Bankia
The toxic assets of brick, tile that buried the great savings of PP
The strong exposure to the builder and developer has been the burden that has condemned the nationalization Bankia
The entity resulting from the merger of seven savings banks
The Country Madrid 10 MAY 2012 - 00:19 CET
The strong exposure to the builder and developer has been the burden that has condemned the nationalization Bankia
The entity resulting from the merger of seven savings banks
The Country Madrid 10 MAY 2012 - 00:19 CET
The strong exposure to the builder and developer was the slab that has condemned the nationalization of the entity resulting from the merger of seven savings banks and led by the two major boxes controlled by politicians of the Popular Party: Caja Madrid and Bancaja. Financial and Savings Bank (BFA), the matrix of Bankia, was at the end of 2011 a total of 31,800 million euros in troubled assets of brick, according to the unaudited consolidated accounts that the entity presented last week to the National Stock Market. This is the group most at risk real estate. The subsidiary, Bankia, has a slightly lower exposure to that sector, but also has less coverage.
more informationThe banks now totals 85,000 million homes, lots and promotions
These troubled assets fall into two broad groups. On one side is the credit problem to developers, amounting to some 17,850 million at year end. Of these, 10.564 million were nonperforming loans and other qualified substandard 7.283 million (at risk of default). BFA had a specific supplies or funds to address these potential defaults, of 7,000 million euros, with a cushion of 1.288 million in other general provisions (not assigned to any particular claim). Are thus uncovered about 9,500 million and in any case, these provisions are inadequate to the new financial regulations.
The other major property group are the BFA and is out for non-payment of credits granted for purchase. Between soil, promotions, condos, interests in real estate and similar assets, BFA had at year end of EUR 13.951 million, which became the largest financial institution in real estate in Spain, well ahead of telcos as Metrovacesa or Martinsa Fadesa. To cover the decline in the price of these properties, BFA had provisions or value adjustments amounting to some 4,900 million, leaving the net in about 9,000 million at the end of 2011.
But in addition to the 18,500 million uncovered between problem loans and real estate, the group emerged from the integration of Bancaja and Caja Madrid with five other cases in his books also has another 20,000 million credit considered vain or normal. However, since many of these loans have no mortgage or have as a back ground or promotions without end, it is theoretically possible that the healthy end credit also causing problems.
The International Monetary Fund recently warned of bad debts through refinancing artificial hidden in the Spanish financial system and the government plans to require that the assets serving as collateral to credit ices complementing promoter to see if the loans are sufficiently supported and otherwise require new provisions for the credit so far considered healthy.
The entity resulting from the merger of seven savings banks
J. S. GONZÁLEZ
Bankia is the subsidiary responsible for the banking business of Bank Savings Financial (BFA), an entity created after the cold fusion of Caja Madrid, Bancaja, Caja de Canarias, Caja de Avila, Box Laietana, Caja Segovia and Caja Rioja. It was created in March 2011 as a trade name of BFA bank. "It is woman's name," said Rodrigo Rato then a proud to present the new lime green logo of the bank's assets remained healthy theoretically BFA. The idea of the directors of the entity was to create a good bank, with assets of more succulent BFA, and remove the stock exchange for about 4,000 million euros.
But the entry Bankia markets proved difficult and hazardous. His baptism in the stock market was scheduled for last summer and coincided with a storm in financial markets for sovereign debt crisis of the Mediterranean countries, led by Greece.
On 20 July last year Bankia begins trading on the Madrid Stock Exchange at a price of 3.75 euros a share, a discount of 15% on the price of the stock prospectus. "We made it. We went out in the middle of a perfect storm in the markets, "said the former president of the entity. Two months later, the new bank listed on the selective Spanish Ibex 35.
But the digestion of dubious real estate assets from Bancaja and Caja Madrid has proved too heavy for the entity.
Curiously, Bankia was also the name of a Norwegian entity acquired by Banco Santander in 2005 it changed its name to Santander Consumer Bank. It is also the scientific name of a bivalve mollusk and a Romanian city.
more informationThe banks now totals 85,000 million homes, lots and promotions
These troubled assets fall into two broad groups. On one side is the credit problem to developers, amounting to some 17,850 million at year end. Of these, 10.564 million were nonperforming loans and other qualified substandard 7.283 million (at risk of default). BFA had a specific supplies or funds to address these potential defaults, of 7,000 million euros, with a cushion of 1.288 million in other general provisions (not assigned to any particular claim). Are thus uncovered about 9,500 million and in any case, these provisions are inadequate to the new financial regulations.
The other major property group are the BFA and is out for non-payment of credits granted for purchase. Between soil, promotions, condos, interests in real estate and similar assets, BFA had at year end of EUR 13.951 million, which became the largest financial institution in real estate in Spain, well ahead of telcos as Metrovacesa or Martinsa Fadesa. To cover the decline in the price of these properties, BFA had provisions or value adjustments amounting to some 4,900 million, leaving the net in about 9,000 million at the end of 2011.
But in addition to the 18,500 million uncovered between problem loans and real estate, the group emerged from the integration of Bancaja and Caja Madrid with five other cases in his books also has another 20,000 million credit considered vain or normal. However, since many of these loans have no mortgage or have as a back ground or promotions without end, it is theoretically possible that the healthy end credit also causing problems.
The International Monetary Fund recently warned of bad debts through refinancing artificial hidden in the Spanish financial system and the government plans to require that the assets serving as collateral to credit ices complementing promoter to see if the loans are sufficiently supported and otherwise require new provisions for the credit so far considered healthy.
The entity resulting from the merger of seven savings banks
J. S. GONZÁLEZ
Bankia is the subsidiary responsible for the banking business of Bank Savings Financial (BFA), an entity created after the cold fusion of Caja Madrid, Bancaja, Caja de Canarias, Caja de Avila, Box Laietana, Caja Segovia and Caja Rioja. It was created in March 2011 as a trade name of BFA bank. "It is woman's name," said Rodrigo Rato then a proud to present the new lime green logo of the bank's assets remained healthy theoretically BFA. The idea of the directors of the entity was to create a good bank, with assets of more succulent BFA, and remove the stock exchange for about 4,000 million euros.
But the entry Bankia markets proved difficult and hazardous. His baptism in the stock market was scheduled for last summer and coincided with a storm in financial markets for sovereign debt crisis of the Mediterranean countries, led by Greece.
On 20 July last year Bankia begins trading on the Madrid Stock Exchange at a price of 3.75 euros a share, a discount of 15% on the price of the stock prospectus. "We made it. We went out in the middle of a perfect storm in the markets, "said the former president of the entity. Two months later, the new bank listed on the selective Spanish Ibex 35.
But the digestion of dubious real estate assets from Bancaja and Caja Madrid has proved too heavy for the entity.
Curiously, Bankia was also the name of a Norwegian entity acquired by Banco Santander in 2005 it changed its name to Santander Consumer Bank. It is also the scientific name of a bivalve mollusk and a Romanian city.
スペインの不良債権で国有化されたBANKIA銀行前身の与党の国民党の管理下のCaja Madrid, Bancajaの乱雑な不動産投資が銀行破綻の原因
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