The Bank of Spain slogans are clear: to defend the transparency and dispel doubts about the solvency of our banking institutions are required to detailing their exposure to real estate. It seeks to demonstrate to markets our international dealer does not choke you indigestion property of these years, something like the stress tests conducted and financial institutions in July, but in version 2.0.
All is calm financial markets and to distance themselves from countries like Ireland, Spain "Rescue? no thanks! And to prove it in late January and savings banks that show detailed and concise ....
The first meet was Banesto with the following result: You have entered on its balance sheet at EUR 1.082 million bricks and 431 million have been shed. Which means that the real estate portfolio, Stoke, has grown 28% and losses from sales are around 20%. Are becoming increasingly more floors must absorb the builders and the few that do sell at a loss.
If these are the data presented by Banesto, one of the banks with less exposure to the housing bubble might not think about what will happen when the data emerge entities bet more and more irresponsible by providing mortgage sector garbage regardless.
The first show of the year, the streptease property, come and see ...
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