Banca March is the Spanish financial institution with better ratios in the 'stress test' beating the Santander and BBVA.
Banca March is the Spanish financial institution that performs best in the stress test, after exhibiting in the worst economic scenarios a ratio of 19 percent in 2011 as Tier 1, which includes their level of capital, reserves and more more prrred), recording, thus, less than a drop point with respect to your situation to December 31, 2009, beating well to Banco Santander, whose ratio would, ffxiv gil, remain at 10 percent, and BBVA, which starts from 9.4 percent in just one tenth would reduce this percentage.
Thus, Banca March has proven to be an entity with greater ease and strength of its capital from around the state, taking into account that exceeds the other seven banks and 19 savings banks that underwent this test conducted by the Commission Europe.
Thus, cheap aion kinah, the 'condition sine quanon' to show that solvency was to exhibit a Tier 1 ratio above 6 percent in the most adverse of shuffled in terms of GDP, employment and sovereign debt. Specifically, Banca March exceeds this limit in 13 points, maintaining a minimum level of equity premium in the most adverse economic scenario.
Statewide, all Spanish banks have passed the, ffxiv gil, stress test, as well as the vast majority of the savings banks, except for four groups of boxes and CajaSur Cordoba, which would require additional capital contributions which would add 2.043 million together.
In particular, groups of boxes that need an injection of capital to adverse scenarios are formed by the Catalan Caixa Catalunya, Caixa Tarragona, Caixa Manresa (EUR 1,032 million), Caja Duero, Caja Espana (127 million euros) Banca Civica (406 million euros), Unimm (270 million euros) and CajaSur (208 million euros).
Santander would keep the Tier 1 capital ratio at 10% in the worst case scenario, while BBVA, which starts from a ratio of 9.4% in just one tenth would reduce this percentage in the worst case scenario.
The third-placed Spanish bank Popular is, what would happen to a Tier 1 of 9.1% on December 31, 2009 to 7% in the worst case, while Banco Sabadell record a worsening of their Tier 1 from 9% in 2009 to 7.2%.
For his part, Bankinter would suffer a decline of 7.5% to 6.8% in Tier 1, Banca March would register less than a drop point of its Tier 1, showing a ratio of 19% and 9 Guipuzcoano would happen, 1% to 6.1%.
Is situated behind Banco Pastor, which achieves a just approved a 6% Tier 1 in the worst case scenario of 2011, compared to 10.5% at the end of 2009.
As for the savings banks to 'suspend' the strength tests, the group formed by the boxes of Catalonia, Tarragona, Manresa abate its Tier 1 of 6.6% in 2009 to 3.9%.
The group established by Caja Duero, Caja Espana reduce its Tier 1 of 8.6% in 2009 to 5.6%. For his part, Banca Civica (Caja Navarra and Caja Burgos Cajacanarias) would pass a Tier 1 of 9.6% in 2009 to 4.7% in the worst scenario of the endurance test.
Unimm, a group of banks formed by boxes Sabadell, Terrassa and Manlleu, reduce its Tier 1 of 7.2% in 2009 to 4.5%. For its part, CajaSur, subject to the stress tests before it is awarded to the BBK, the ratio of 1.8% in late 2009 would rise to 4.3%in the most adverse scenario.
The cash sip bancaja madrid and exceeds the exam.
In the case of other savings in excess of stress test, the SIP led by Bancaja and Caja Madrid would put its Tier 1 at 6.3% in the worst case.
La Caixa savings bank first Spanish, brought its Tier 1 at 7.7%. The group of CAM, Cajastur, Caja Cantabria Caja Extremadura and would put its Tier 1 at 7.8%.
The boxes Galicia (Caixa Galicia and Caixanova) will stand at 7.2% in the more complex scenario of 2011, while the group consisted of boxes of Murcia, Penedes, Sa Nostra and Granada, brought its first capital ratio 7% quality.
The Aragonese Ibercaja would put its Tier 1 at 6.7%, the Unicaja malaguena record a capital ratio of 9%, and the group formed by Caja Guadalajara Cajasol and achieved a pass with just 6%.
BBK would pass from 14.6% at end-2009 to 14.1%, while 10.6% achieved Kutxa. For his part, Safety Circle, Badajoz and Caja CAI would put its Tier 1 at 6.1%, and Caja Vital in 7% in the scenario more complex. Ontinyent box would bring its capital ratio at 6.6%, and Caja de Pollensa at 6.2%. METHODOLOGY
The methodology used in stress tests to which Europe has been subjected to the 91 major banks of the Old World provides in an effort scenarios average of 3% contraction of economic activity in the period 2010/11 and a stock market crash of 20% annually, which would reach 36% in two years, as well as rises in interbank interest rates in the short and long term.
Stress tests provide a baseline scenario in which compliance with the current macroeconomic and assuming a 10% annual decline in equity markets, up to a cumulative decline in the stock of 19%.
However, the negative scenario applied by the European Committee of Banking Supervisors (CEBS) assumes that GDP will suffer a fall European average of 3% between 2010 and 2011, while watching a drop of 20% in the securities markets, which reach 36% in two years, as well as a reduction of four steps in the 'rating' of the securitization.
Also, this scenario envisions a rise of interest in the short and long term in the interbank, in 125 and 75 points respectively.
Moreover, the European banking review provides a third scenario in which the stage is added adverse impact linked to the risk of sovereign debt, which applies different discounts in relation to its price in late 2009.
In particular, the Greek bonds to five years suffer a discount ("haircut") of 23.1% followed by 14% applied to Portuguese bonds and 12.3% of Spanish bonds, while German bonds them a discount of 4.7%.
To overcome the stress tests the participating banks (among which there are 27 Spanish entities) must maintain at least a Tier 1 capital ratio of 6% at the end of 2011.