Imf: Spanish Banks Need $46 Billion

Spain Bailout

Spain's banks need at least 40 billion euros (about $46 billion) in fresh capital to preserve the country's financial stability, the International Monetary Fund said Friday in an eagerly-awaited report.

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BING NEWS:
  • IMF urges Spanish banks to boost capital in order to be able to lend more
    The IMF on Thursday urged Spanish banks to take advantage of the improved conditions in the stock market to issue shares to boost their capital in order to be able to lend more and help the recovery. A “top priority is for supervisors to continue ...
    02/21/2014 - 8:43 am | View Link
  • Spain banks face profitability challenge: EC, IMF
    MADRID (Reuters) - Spanish banks will struggle with profitability over the coming years as lending shrinks further and housing prices keep falling, the European Commission and the International Monetary Fund said on Monday. A 41.3-billion-euro ($57 billion ...
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  • IMF Head Praises Spanish Banks
    Christine Lagarde, the head of the International Monetary Fund, had good things to say about Spain on Thursday, Reuters reports. The IMF chief told reporters in Seoul that Spain’s banking sector had made a lot of progress and that it was showing signs ...
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  • Deepening Spanish credit crunch could hit banks, economy, says IMF
    The IMF, which is monitoring Spain's banking reforms after a European bailout last year, said in a report on Monday the lenders' solvency had improved. But economic problems including record unemployment had left the sector mired in a deepening credit crunch.
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    Spain’s banking system would need 37 billion euros ($46 billion) in additional capital to cope with worsening economic conditions, the International Monetary Fund said in a report, which the country will use to help determine what international support ...
    06/9/2012 - 9:44 am | View Link
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