Spanish banks given €50bn real estate provisioning plan

Spain’s new economy minister has set out a €50bn real estate provisioning plan that banks must execute by the end of the year. Luis de Guindos, Spain’s minister for the economy, on Thursday night outlined the plan, which will give banks until the end of the year to increase their provisioning substantially.

  • 03 Feb 2012
For problematic loans on undeveloped sites, they will have to increase their provisions to 60%, up from the current average of 31%, and they will have to hold a further 20% in capital against these loans. For properties under development, provisions will have to rise to 50%, from ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 HSBC 4,946.45 21 6.58%
2 Commerzbank Group 4,025.24 24 5.36%
3 UniCredit 3,981.56 30 5.30%
4 SG Corporate & Investment Banking 3,839.27 16 5.11%
5 LBBW 3,832.35 17 5.10%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 Goldman Sachs 35,449.67 139 7.74%
2 Morgan Stanley 34,987.32 115 7.64%
3 Bank of America Merrill Lynch 28,660.24 106 6.26%
4 JPMorgan 26,590.60 127 5.80%
5 Citi 25,441.59 152 5.55%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Morgan Stanley 28,331.16 93 10.52%
2 Goldman Sachs 27,492.42 121 10.21%
3 Bank of America Merrill Lynch 23,356.59 95 8.67%
4 Citi 23,275.99 129 8.64%
5 JPMorgan 22,925.88 99 8.51%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 SG Corporate & Investment Banking 3,598.86 14 9.07%
2 LBBW 3,164.12 11 7.98%
3 BNP Paribas 2,664.21 9 6.72%
4 Commerzbank Group 2,654.38 10 6.69%
5 Credit Agricole CIB 2,428.94 10 6.12%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Credit Suisse 3,180.28 13 10.15%
2 BNP Paribas 2,841.61 13 9.07%
3 Barclays 2,669.79 10 8.52%
4 Citi 2,294.04 17 7.32%
5 HSBC 2,141.36 16 6.83%