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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
  • 28 Jul 2015
1 HSBC 8,630.49 41 6.45%
2 Natixis 8,446.58 47 6.32%
3 RBC Capital Markets 7,558.96 24 5.65%
4 UBS 6,942.22 40 5.19%
5 BNP Paribas 6,916.55 29 5.17%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 158,800.98 675 6.91%
2 Bank of America Merrill Lynch 148,472.11 588 6.46%
3 Citi 145,308.10 730 6.32%
4 Goldman Sachs 137,495.10 608 5.98%
5 Morgan Stanley 136,469.95 674 5.94%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,523.62 37 7.84%
2 Deutsche Bank 15,417.74 56 7.78%
3 UBS 13,015.99 28 6.57%
4 SG Corporate & Investment Banking 10,974.14 31 5.54%
5 BNP Paribas 9,628.01 32 4.86%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Natixis 5,584.44 26 8.66%
2 BNP Paribas 5,093.51 19 7.90%
3 HSBC 4,165.96 18 6.46%
4 Credit Agricole CIB 3,701.66 16 5.74%
5 UBS 3,517.95 15 5.45%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 637.84 602 6.97%
2 JPMorgan 599.47 905 6.55%
3 Citi 558.64 904 6.11%
4 Morgan Stanley 523.17 984 5.72%
5 Bank of America Merrill Lynch 521.99 897 5.71%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Deutsche Bank 5,658.62 18 10.63%
2 UBS 5,456.98 10 10.25%
3 HSBC 5,068.63 11 9.52%
4 Credit Agricole CIB 4,884.74 6 9.18%
5 JPMorgan 3,766.09 19 7.08%