FXstreet.com (Córdoba) - Spanish banks would need up to €59.3 billion in capital injections, according to the final results of the stress tests run by Oliver Wyman. This estimation is really close to market expectations of around €60-€70 billion.
In a scenario where tax credits and mergers are taken into account, the shortfall is €53.7 billion.
Audit results stated that 7 banks need capital while other 7 don't. Alone, Bankia capital shortfall is €24.7 billion, while taking all the nationalized banks together, Bankia, CatalunyaBank, NovaGalicia Banco and Banco de Valencia, the capital need is €46.2 billion.
As expected, the two largest banks, Santander and BBVA, plus CaixaBank, Banca Civica, Sabadell, CAM, and Bankinter do not need to increase their capital even to face the adverse scenario raised by the consultant.
In a scenario where tax credits and mergers are taken into account, the shortfall is €53.7 billion.
Audit results stated that 7 banks need capital while other 7 don't. Alone, Bankia capital shortfall is €24.7 billion, while taking all the nationalized banks together, Bankia, CatalunyaBank, NovaGalicia Banco and Banco de Valencia, the capital need is €46.2 billion.
As expected, the two largest banks, Santander and BBVA, plus CaixaBank, Banca Civica, Sabadell, CAM, and Bankinter do not need to increase their capital even to face the adverse scenario raised by the consultant.
