Spanish banks need to recapitalize to the tune of 59.3 billion euros. These are the results of stress tests, which are posted on the Spanish Central Bank.
Audit, which was conducted by consulting firm Oliver Wyman, will be the basis for the allocation of credit for the country's economic salvation. This summer has been a request for a loan in the amount of no less than 100 billion euros. Then it was expected that the rescue of the financial system in Spain will need about 62 billion euros.
According to Bloomberg, the amount stated in the report Oliver Wyman, does not take account of factors such as tax deductions and still unfinished merger. Taking into account additional factors, the required amount of recapitalization will be about 53 billion euros.
Oliver Wyman audit was conducted in fourteen largest Spanish banks. Of these stress tests failed as seven banks. Therefore, they need recapitalization. Note that about 50% of the funds needed to save the financial system, we have to credit the organization - Bankia.