Spain announced new financial sector reforms

Note: This section contains information in English only.
Source: CNN Money
Spain's economy minister announced that Spanish banks will have to increase provision for realty loans, which were considered unproblematic, by EUR 30b. Together with requirements regarding problematic loans this will require Spanish banks to accumulate EUR 80b of provisions. In addition, it is planned to hire two autonomous auditors to estimate the value of real estate in Spanish banks and they will have to transfer foreclosed real estate to independent management company by the end of this year.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.