finanzen.net

Löschung

Seite 1 von 1
neuester Beitrag: 05.10.12 13:26
eröffnet am: 05.10.12 13:24 von: Mi Ka Anzahl Beiträge: 2
neuester Beitrag: 05.10.12 13:26 von: Mi Ka Leser gesamt: 2171
davon Heute: 2
bewertet mit 0 Sternen

05.10.12 13:24

81 Postings, 3097 Tage Mi KaLöschung


Moderation
Moderator: mis
Zeitpunkt: 02.05.14 12:33
Aktionen: Löschung des Beitrages, Thread geschlossen
Kommentar: Regelverstoß - Bitte bereits bestehende Theras nutzen.

 

 

05.10.12 13:26

81 Postings, 3097 Tage Mi KaFitch says....

Banco Popular Espanol's plan to raise most of its capital shortfall through a rights issue means the bank can plug the gap identified in Spanish stress test report, more quickly than through asset sales and earnings retention, according to rating agency Fitch.

The Oliver Wyman stress test on Spanish domestic lending reported that Popular has a ?3.2bn post-tax capital shortfall under its adverse scenario.

“While clearly challenging, we continue to believe that Popular has the ability to increase its capital without seeking bailout funds. However, the Viability Rating is sensitive to any change in our assessment of the bank's ability to improve its solvency,” the agency said.

According to Fitch, Popular's decision to raise the bulk of the capital through a ?2.5bn rights issue will improve its capital significantly before a June 2013 deadline.

“This represents more tangible new capital for the bank than other measures it might have considered. The bank expects the rest of the capital will come from ?300m of asset sales and ?400m in retained profits,” Fitch added.

The poor macro-economic and banking environment means Popular will find a large rights issue and asset sales challenging.

Popular said on October 1 that it has already identified 12 investment banks that might underwrite the offering, and expects to complete it by year-end.

http://www.investmenteurope.net/investment-europe/...issue-says-fitch

Spain's Banco Popular can quickly plug capital shortfall with rights issue

“Popular has two advantages over former savings banks: it is already listed, and has a well-developed SME franchise. Most other banks with capital shortfalls, such as Liberbank, Banco Grupo Caja 3 and Banco Mare Nostrum, are not listed - so cannot raise capital through a public rights issue,” the firm said.

Fitch’s recent report, 'Spanish Bank Ratings', splits the country's banks into four groups. Popular is in group three: it is a bank that we expected to have a shortfall, but that can meet the demand on its own.

“Banco Popular has a strong SME business, with over a 10% market share in this segment. The SME business has supported sound pre-provision earnings over the years, which should help the bank sell its case to investors,” Fitch said.  

   Antwort einfügen - nach oben

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
BioNTech SE (spons. ADRs)A2PSR2
Apple Inc.865985
Ballard Power Inc.A0RENB
Daimler AG710000
Lufthansa AG823212
Wirecard AG747206
Deutsche Bank AG514000
NEL ASAA0B733
Amazon906866
TeslaA1CX3T
BayerBAY001
Plug Power Inc.A1JA81
Siemens AG723610
NikolaA2P4A9
TUITUAG00