スペイン国立銀行の年次報告では、2011年ー2012年には、不良債権(貸し倒れ)で破綻して国有化された銀行は、企業への融資が18%減少したのに対し、他の銀行は12%の減少に留まる
The nationalized banks had the highest corporate credit cut
Between 2010 and November 2012, these entities provided by 18% compared to 12% drop in other entities. The bank doubled provisions and lost 50,000 million in 2012
La banca nacionalizada fue la que más recortó el crédito empresarial
Entre 2010 y noviembre de 2012, estas entidades prestaron un 18% menos frente al 12% de caída del resto de entidades. La banca duplicó las provisiones y perdió 50.000 millones en 2012
El BdE plantea suprimir el salario mínimo en algunos casos
Linde pide acelerar el retraso de la edad de jubilación a los 67 años
Los subgobernadores ganan más que sus jefes
Íñigo de Barrón Madrid 31 MAY 2013 - 13:49 CET
The nationalized banks had the highest corporate credit cut
Between 2010 and November 2012, these entities provided by 18% compared to 12% drop in other entities. The bank doubled provisions and lost 50,000 million in 2012
The BoS abolish the minimum wage raises in some cases
Linde asks accelerate delay the retirement age to 67 years
The Deputy Governors earn more than their bosses
Barron Inigo Madrid 31 MAY 2013 - 13:49 CET
The Annual Report of the Bank of Spain thoroughly discusses one of the issues that most blocks to the Spanish economy, the situation of bank credit in business. The conclusion is that state aid entities or nationalized, "have been cutting [credit] more intensely in the last two and half years in the other institutions. Between December 2010 and November 2012, the decline recorded by these entities [those with public aid] was 18%, versus 12% for the rest. This would suggest that its policy of grant funds was more influenced by other conditions, less linked to the economic cycle, "says supervisor.
This organism is a reference, in another part of the document that "other conditions" are related to the fact that "the entities that have received public funds are required to FROB further reduce the volume of credit in the next five years" .
What counts is whether this process occurred smoothly, so that companies dependent on banks that have cut more of its supply have not faced a greater restriction than those receiving stronger institutions financing. Among the entities helped includes Bankia, Banco CAM, Catalunya Banc, NCG Banco, Unnim Banc, Banco Gallego and Banco de Valencia.
The supervisor recalls that the FROB forced the banks to reduce their volume of assets
Before closing the tap of troubled institutions, the Annual Report provides a detailed analysis of whether the companies concerned have been able to find other lending banks. "Some of these affected companies have replaced all or part of the funds granted by the latter bank by loans from other institutions here it follows that the replacement would not have been perfect, so this evidence suggests that the existence of troubled banks has negative implications for the real economy. " It also concludes that companies working with organizations undergoing restructuring, "your credit has grown by 2.5% less than equivalent companies not financed with these banks."
Cut Debt 12%
With respect to credit in general, the report says that "the debt of non-financial corporations in recent years a slow and progressive decline. According to this information, the reverse cumulative debt level in this sector, from the highs in 2009 until late 2012, has been 12.1%. " There were, however, some branches in which the decrease was more pronounced, such as construction and real estate, most affected by the crisis, or energy, "in which the percentage decreased rapidly, reaching 25% in 2012. "
The Bank of Spain said that "we are seeing a gradual reallocation of available resources, targeting more towards businesses and sectors in a comparatively better economic and financial situation, which means that, in this way, to reduce the risk of the sector as a whole. " However, he admits that there is "a certain rise in the degree of financial pressure supported by the industry, which would be higher in the case of SMEs".
As for the default, remember that in the construction and real estate services increased from 20.6% in 2011 to 28.2% in 2012.
As for funding, the agency directed by Luis Linde notes that foreign banks based in Spain borrow money from the ECB "to raise funds in our country, then channeling our borders out, predictably, to its parent". So, until July 2012, left Spain 338,000 million euros, 32% of GDP. says.
Sharp rise in provisions
On the other hand, states that the provisions and writedowns of financial assets in 2012 rose by more than 100% compared to 2011, "milloes exceeding 100,000 euros, both consolidated and individual. Given these high endowments, and despite growth in net interest income and reduced operating costs, registered entities accounting losses of over 50,000 million, representing 1.4% of consolidated total assets. The bulk of these losses are concentrated in entities receiving public aid to recapitalize. "
"After the allocations made in 2012, sanitation accumulated since December 2007 amounted to 200,000 million (8.7% of Total customer loans at the consolidated level, beginning of the period). This has allowed den derecognised loans worth 110,000 million and questionable coverage is placed in 68% (11 points above the end of 2011) ".
Finally, the Bank of Spain notes that, "In addition, the transfer to the SAREB has reduced exposure to real estate sector 106.000 million in nominal terms, between loans and foreclosed assets. As consideration for the transfer and recapitalization by the FROB, the affected entities obtained SAREB titles (worth almost 51,000 million) and ESM (for another 39,000 million).'s taken heavy losses in 2012 affected the total capital, the solvency ratio reaching aggregate global, end of the year, at 11.5%. "
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