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Tag Archives: spanish banks

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Spanish Banks Prepare for Rebound in Defaulted Payments

Due DiligenceBy SulemanBaigAugust 19, 2020

Spanish banks are preparing for a rebound in defaulted payments. The European Central Bank (ECB) has calculated its estimates following stress tests at the start of the month, revealing that various state-backed guarantee programs launched to boost credit during the coronavirus pandemic are likely to have a negative impact of around 21 billion euros. The…

bank of spain

Bank of Spain Warns of Coronavirus’s Negative Impact

Due DiligenceBy SulemanBaigAugust 6, 2020

The Bank of Spain has warned that the coronavirus pandemic will have a negative impact on the quality of the bank’s credit portfolios.  In an article published on the bank’s website, the Governor of the Bank of Spain, Pablo Hernández de Cos, said that the magnitude of the negative impact will be dependent on the…

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