Daily Archives: January 23, 2011

Banks are disclosing their exposure to property risk

Slowly, slowly, banks are disclosing their exposure to property credit risk and grounding to the real status of their spanish property business. The Bank of Spain worked out six months ago that it could be 181 billion and now the banks have the word. Banesto announced the last week an exposure of € 10.3 billion related to property and assumed a loss of 21%  - already there is 18% debt from b