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
  • 20 Sep 2016
1 UBS 10,614.47 64 6.13%
2 HSBC 10,181.15 55 5.88%
3 BNP Paribas 8,976.64 41 5.19%
4 Credit Agricole CIB 8,532.32 39 4.93%
5 Commerzbank Group 8,192.72 48 4.74%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2016
1 JPMorgan 72,071.97 326 6.70%
2 Citi 66,754.52 381 6.20%
3 Morgan Stanley 60,909.67 270 5.66%
4 HSBC 58,652.33 247 5.45%
5 Bank of America Merrill Lynch 57,429.99 286 5.34%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 JPMorgan 58,470.18 241 10.77%
2 Citi 56,175.14 297 10.35%
3 Bank of America Merrill Lynch 47,390.06 243 8.73%
4 Morgan Stanley 44,798.26 205 8.25%
5 Wells Fargo Securities 40,594.07 206 7.48%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 Credit Agricole CIB 7,372.24 27 3.98%
2 BNP Paribas 6,988.71 26 3.77%
3 UBS 6,445.21 22 3.48%
4 LBBW 5,491.10 21 2.96%
5 UniCredit 5,393.41 21 2.91%

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
  • 20 Sep 2016
1 BNP Paribas 6,327.54 21 4.90%
2 HSBC 6,275.95 20 4.86%
3 UBS 6,221.18 24 4.82%
4 Barclays 5,430.32 15 4.21%
5 Citi 4,250.71 20 3.29%