Arab Today, arab today spain \confident\ ahead of bank stress test results
Last Updated : GMT 18:31:22
Arab Today, arab today
Arab Today, arab today

Spain \'confident\' ahead of bank stress test results

Arab Today, arab today

Arab Today, arab today Spain \'confident\' ahead of bank stress test results

Madrid - AFP

Spain\'s government said Friday it is confident that reforms to its banking system have left the country\'s lenders strong enough to withstand any new shock. The European Union will later on Friday publish the results of major stress tests on Europe\'s troubled banking sector which aim to reveal which banks, if any, would not be able to withstand a fresh shock to the financial system. \"We are confident in the measures which we adopted,\" government spokesman Jose Blanco told a press conference after a weekly cabinet meeting. \"The Spanish banking system is undergoing one of the biggest restructurings in Europe. This will have consequences, it will reinforce the solvency of our financial system and give it a solvency that is able to withstand any type of stress in the future, no matter how hard or difficult,\" said Blanco, who is also public works minister. Spain\'s lenders, especially its regional savings banks which account for about half of all lending in the country, have been heavily exposed to bad debt since the collapse of the property sector at the end of 2008. The government and Bank of Spain have forced a wave of consolidation in the sector and are requiring banks to quickly increase the proportion of rock-solid core capital they hold to above international norms. Under new government regulations, the banks must raise the proportion of core capital they hold to 8.0 percent of total assets from the current six percent, or to 10 percent if they are not listed on the stock exchange. The European Banking Authority, the EU\'s London-based regulator for the financial sector, has carried out assessments on 91 banks representing 65 percent of the sector and will publish its findings at 1600 GMT.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain \confident\ ahead of bank stress test results Arab Today, arab today spain \confident\ ahead of bank stress test results

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain \confident\ ahead of bank stress test results Arab Today, arab today spain \confident\ ahead of bank stress test results

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday