MADRID May 8 Spanish banks got a bigger capital
boost than previously announced from a change in the treatment
of their so-called deferred tax assets (DTAs), which under new
global banking rules are discounted from capital bases.
The lenders can convert 40.8 billion euros ($57 billion) out
of the 68 billion euros in net DTAS they had at the end of 2013
into state-backed tax credits, which will help them preserve
them as capital, the Bank of Spain said in a report on Thursday.
The government tweaked the rules on DTAs last year to help
lenders which had accumulated these assets after taking losses
on soured property deals in 2012. It had said in November banks
would get a 30-billion-euro boost from the changes.
($1 = 0.7183 Euros)
(Reporting by Jesus Aguado, Writing by Sarah White; Editing by