スペイン国立銀行は、2012年5月07日にロドリゴ=ラト氏がBANKIA頭取を辞任した、2012年3月の内部報告によると,
BANKIAは、不良債権を隠して不正会計報告(粉飾決裁?)の会計詐欺をしていたと批判、しかしこれを発表せずに隠していた!
El Banco de España acusó en marzo a Bankia de ocultar su morosidad
Un informe de la inspección de dos meses antes del cese de Rato señalaba que se evitaba aflorar la mora real a través de refinanciaciones a dos y tres años
Los consejeros de Bankia acusaron al auditor de no prevenirles
Francisco Mercado Madrid 25 SEP 2012 - 20:35 CET
The Bank of Spain in March accused Bankia to hide his delinquencies
A report of the inspection two months before the cessation of Rato noted that the blackberry was avoided actual emerge through refinancing at two and three years
Bankia counselors accused the auditor not to warn
Francisco Mercado Madrid 25 SEP 2012 - 20:35 CET
On May 7, 2012 Rodrigo Rato resigns as chairman of Bankia. His dismissal provoked a wave of interpretations. The Bank of Spain has all the keys. But then spreads them but now forced by the judicial investigation for alleged fraud carried out by the National Court. An internal report of the inspection work of the Bank of Spain in March 2012, two months prior to such termination, proclaimed that BFA, Bankia matrix, was unworkable and accused the bank of "not reflect actual delinquencies accounting of its portfolio credit ".
This was also two months before the accounts were restated and counselors blame the auditor for not alerting the equity gap. But the Bank of Spain, according to that report done on "unformulated statements" did know already that there are serious imbalances in Bankia.
His diagnosis of terminal illness is clear: "The risk profile of the group BFA [matrix Bankia] qualify as high and their problems of profitability, liquidity and solvency and because corporate governance is improved. High-risk entity supervisor, receiving public aid for 4.465 million. "
The practice of hiding bad debt through refinancing has been fairly widespread among financial institutions
"The main problem is that his generation Bankia recurring income is well below their asset writedowns needs. This was before the Royal Decree Law 2/2012 [for sanitation bank] and worsened later. (...) The deviations from the forecasts contained in the integration plan are very relevant. " "Very strong," he says.
"The greatest threat," the report continued, "until December 2011 liquidity was due to inadequate financial structure. This problem has been deferred, not solved, thanks to two recent auctions to three years of the ECB and the renewal of the program supported by the State, two decisions exogenous to the entity. The issues guaranteed by the state and the funding provided in the ECB BFA group added 60,000 million, almost 20% of the balance. "
Inspectors saw as there was no possible improvement. "Regarding the solvency both BFA and Bankia start from a tight situation to meet the highest regulatory requirements to which they will have to face in 2012. BFA Group, after strong against reserves writedowns December 2011, declaring a major capital of 8.2%, which is only slightly higher than the 8% required, although questionable include elements that are not deducted and certain adjustments considered by inspection. Under these conditions no doubt that BFA and its members will be able to meet the regulatory requirements of EBA (European Banking Authority) and the Royal Decree ". But the tone darker dyes acquired when analyzing the swell that was hidden under the overall figures. "Delinquencies BFA accounting is 9% and the corrected delinquency awarded, substandard and failed to pass is 23%. Delinquencies published Bankia Group is 7.5% and the coverage ratio is 45% doubtful. We are finding that the accounting entity is not reflecting actual delinquencies in its loan portfolio, including the promoter sector has 20,000 million recorded as normal risk: much of it comes in successive refinancings are being accorded total lack of 24 and 36 months, thanks to which these operations continue to accrue interest and have not been on the hard setting of Royal Decree Law 2/2012 (...). There is a significant volume of refinanced operations that are not marked as such in computer systems. "
The report does not quantify that dwells hidden, beyond saying that affects "largely" to credit promoter. Despite the problems identified by the inspection, the Bank of Spain approved the plan to recapitalize the company in April, demanding additional measures, but without showing any concern for a poor measure of delinquency, according to sources close to the former management team, which said they never supervisor, who will have to admit the credit rating, said they saw this as a structural weakness or an especially worrisome in Bankia. The practice of avoiding delinquency with artificial refinancing has been fairly widespread in the sector, to the extent that the IMF warned about it in his report on Spain.
The inspection also questioned how the group was facing the required provisions, allowances were made for the amount of 3.932 million in charges to reserves and tax credits "rather than current earnings." "This adjustment in reserves is difficult to fit into the standard," he added.
Therefore, they conclude: "infeasibility of BFA. The parent group has a structure with a high proportion of unprofitable assets and liabilities at high cost, so it generates recurring losses (-656 000 000 in 2011). The net worth of BFA on December 31, 2011 is 3,500 million, although one must consider that: a) has activated its participation in Bankia by 12,000 million, an amount much higher than 52% of the equity of Bankia (8,300 million) and the price is currently trading in the stock market (2.800 million), and b) keeps tax assets 2,500 million recoverability uncertain ".
0 件のコメント:
コメントを投稿