Arab Today, arab today spain\s banco popular mulls capital increase
Last Updated : GMT 18:56:22
Arab Today, arab today
Arab Today, arab today

Spain\'s Banco Popular mulls capital increase

Arab Today, arab today

Arab Today, arab today Spain\'s Banco Popular mulls capital increase

Madrid - AFP

Spain\'s Banco Popular is mulling a capital increase of around 2.0 billion euros ($2.6 billion) and the suspension of dividend payments to avoid having to accept state aid, reports said Sunday. The bank was identified in an audit by US consultancy Oliver Wyman as one of seven Spanish lenders that would need extra capital to withstand a serious economic downturn. Banco Popular would need 3.2 billion euros in extra cash, according to the audit, which was released Friday. The bank will mull a capital increase of about 2.0 billion euros at a board meeting Sunday, the El Pais daily reported without citing a source. It also plans to sell assets, including real estate, and cancel dividend payments, the paper said. The ABC daily, citing unnamed market sources, said the lender was considering a capital increase of 1.6 billion euros. It did not say when the bank\'s board would meet to discuss the plan. A Banco Popular spokesman declined to comment on the reports. But after the Oliver Wyman audit report was released Friday, the bank said it had \"sufficient capacity with its own resources\" to boost its capital. \"The policy of Banco Popular has always been to not ask for public aid and to instead generate resources through the retention of profits and the contribution of capital from its shareholders,\" it added in a statement. \"That policy has not changed, ruling out injections of public capital.\" The seven banks identified by the audit as needing to boost their capital will need to raise some 54 billion euros. Oliver Wyman examined 14 banks accounting for about 90 percent of the Spanish financial system\'s assets as part of its audit. Spain secured a rescue loan in June of up to 100 billion euros from its eurozone partners for its banks, which are struggling with a surge in bad loans following the collapse of a property bubble in 2008.

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\s banco popular mulls capital increase Arab Today, arab today spain\s banco popular mulls capital increase

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems

GMT 06:20 2017 Tuesday ,28 February

Beijing to speed up approval of IPOs

GMT 05:15 2017 Tuesday ,28 February

Funds prepare $2bn oil market play as supply tightens

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
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