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Spain's banking crisis not over yet - central bank
June 20, 2013 / 10:11 AM / in 4 years

Spain's banking crisis not over yet - central bank

MADRID, June 20 (Reuters) - Spain’s banking crisis is not over yet, the country’s central bank governor Luis Maria Linde said on Thursday, although he said national lenders could cope with any new provisioning needs.

Spanish lenders are currently reviewing their 208-billion-euro ($279 billion) refinanced loans portfolios, which could lead to new provisioning needs of around 10 billion euros, according to preliminary estimates made public this week by Economy Minister Luis de Guindos.

“Thanks to the big clean-up effort made in 2012, and the massive drop in property-related risks, we are in a position to say that our banking system has the capacity to cope with provisioning needs that could arise in 2013 and also in 2014,” Linde said in a speech to the economic committee at Parliament.

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