Spain’s Banks Need Up to $78 Billion, Assessors’ Report Says - Bloomberg

Spain’s Banks Need Up to $78 Billion, Assessors’ Report Says - Bloomberg


Spain’s banks would need up to 62 billion euros ($78 billion) in capital to withstand a worst-case economic scenario, according to two consulting firms hired by the government to conduct stress tests on the lenders.
Oliver Wyman Ltd. estimated that the financial system would need between 51 billion euros and 62 billion euros should Spanish gross domestic product shrink by 6.5 percent and house prices fall as much as 60 percent from their peak. Roland Berger Strategy Consultants said banks would require 51.8 billion euros in that scenario.