The Spanish government has imposed provisions to banks for another 30 billion euros. The goal is to protect institutions from the contraction of the real estate market. This was reported by the Minister of the Economy, Luis de Guindos, at the end of a council of ministers dedicated to the measures to be taken to shore up the banking sector.
In the afternoon in Madrid the Ibex 35 index accentuates the losses (-3,46%), weighed down by new falls of the banks: BBVA loses 3,95%, Santander 2,56%, Banco Popular 4,91%.
The government has also announced that it intends to hand over to "two independent auditing firms" the task of valuing the real estate assets controlled by the banks, a clear sign of distrust of the data provided so far by the institutes themselves. And a decision liable to further increase the alarmism on the sector.
All this takes place after the Spanish banking sector, which has already been under tension for months, has come under the spotlight even more following the new bailout interventions by Bankia, the country's leading credit group created with the unification of various banks failing savings.
