Spanish bank stress tests show the nation's lenders need €59.3B in capital. Santander (SAN) and...


Spanish bank stress tests show the nation's lenders need €59.3B in capital. Santander (SAN) and BBVA are among 7 banks that do not need capital. From Marketwatch: "Results show banks mostly solvent, viable." Who could have predicted that?

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Comments (9)
  • Advill
    , contributor
    Comments (2321) | Send Message
     
    me, been telling that for months
    28 Sep 2012, 01:10 PM Reply Like
  • piedraazul
    , contributor
    Comments (3) | Send Message
     
    They "need" that because they have debited provisions against capital for non-paying loans, but these have collateral of land and buildings, etc, and it would have been cheaper to suspend repayments for 5 years and not provide, as in the long run time will be the great healer. This has worked well in Latin America.
    28 Sep 2012, 01:19 PM Reply Like
  • ewcordon
    , contributor
    Comment (1) | Send Message
     
    Not surprised that Santander passed the stress test but isn't the stock price still vulnerable simply because many investors will group it with the rest of European stocks and the situation may fail to improve there?
    28 Sep 2012, 01:53 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    And how rigorous were the stress tests? Were they like the stress tests about a year ago, and within a short period of time, one of the supposedly safest banks in Belgium had to be bailed out to the tune of over 100 billion euros.
    28 Sep 2012, 07:55 PM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    For some time I provided feasibility studies for a developer. In some instances I needed the numbers to work, no matter what I had on the table. This is what we have here. The whole construct is based on trust and they really do not want to rock the boat. This whole thing has just been a confidence building exercise, nothing more.
    29 Sep 2012, 01:05 PM Reply Like
  • wcz83
    , contributor
    Comments (191) | Send Message
     
    most of the SAN businesses are outside Spain, especially the South America regions. SAN will be able to sustain this period.
    28 Sep 2012, 09:37 PM Reply Like
  • rpwhitehill
    , contributor
    Comments (3) | Send Message
     
    opportunity (SAN) knocks if you can be patient
    29 Sep 2012, 04:45 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4291) | Send Message
     
    Return Mexico to Spain and see what happens.
    29 Sep 2012, 07:14 PM Reply Like
  • drcm4t
    , contributor
    Comments (306) | Send Message
     
    Most of nbg biz is outside greece.....its stock still nosedived
    30 Sep 2012, 04:42 PM Reply Like
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