Spain Stress Tests Show Capital Shortfall of EU59.3 Billion
That figure doesn’t include impact of mergers underway or differed tax assets. Including those two elements, the shortfall declines to 53.7 billion euros.
Banco Popular Espanol SA (POP) needs 3.22 billion euros in an adverse scenario, after the tax impact. Banco Santander SA (SAN), Banco Bilbao Vizcaya Argentaria SA (BBVA), CaixaBank (CABK) SA, Banco Sabadell SA, Kutxabank, Bankinter SA (BKT) and Unicaja need no additional capital, the Bank of Spain said in a statement.
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