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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ASK NEWS:
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    ... to rescue the banks, and prevent the economy collapsing. In return, the Spanish government ... program in May 2014, and the IMF expects growth ...
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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
  • Spanish banks should boost capital without cutting lending
    MADRID (Reuters) - Spanish banks should keep strengthening their solvency without further cutting credit, the International Monetary Fund said in a report on Monday, adding that capital and liquidity had improved since a European-backed rescue of the sector.
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  • IMF report to show Spanish banks need 40 billion aid
    The report, due to be published next Monday, will also outline overall needs of 90 billion euros to clean up Spain's entire banking sector, with healthy banks covering a big chunk of this sum, one of the sources said. "The capital shortfall for the Spanish ...
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  • IMF: Spanish banks need nearly $50 billion
    WASHINGTON (AP) — The International Monetary Fund is estimating that Spanish banks need at least a euro40 billion ($49.87 billion) capital injection following a stress test it performed on the country's financial sector. The lending institution said ...
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  • IMF report: Spanish banks need ₤40b
    Madrid: An International Monetary Fund (IMF) report on Spanish banks will show the country's troubled lenders need a cash injection of at least ₤40 billion (Dh183 billion), sources in the financial sector said on Thursday. The report, due to be published ...
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BING SEARCH:
  • IMF -- International Monetary Fund Home Page
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  • Spain and the IMF -- Page 1 of 20
    Material about Spain and its activities with the IMF
    08/30/2015 - 9:54 pm | View Website
  • IMF eLibrary: IMF eLibrary
    The International Monetary Fund's (IMF) eLibrary simplifies analysis and research with direct access to the IMF’s periodicals, books, working papers and studies ...
    08/30/2015 - 5:51 pm | View Website
  • Bretton Woods system
    The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states in the mid-20th ...
    08/30/2015 - 9:58 am | View Website
  • International Monetary Fund
    The International Monetary Fund (IMF) is an international organization headquartered in Washington, DC, of "188 countries working to foster global monetary ...
    08/30/2015 - 9:01 am | View Website
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