The body figure 14.334 million the amount recoverable from the 64,000 million that were injected to the bench
The Bank of Spain figure 14.334 million euros the total amount recoverable from the public subsidies committed to the banking industry in various forms of capital since 2009, amount includes 9.857 you would get from the sale of the shares of the Fund for Orderly Bank Restructuring (FROB) in Bankia and Banco Mare Nostrum (BMN) -calculated according to the market value of the securities at close of year-.
This amount is just the 22,36% of the total amount of public aid granted in the period 2009-2017, that have ascended to 64.098 million euros, after adding the 9.745 million euros of the Fund Deposit Guarantee (FDG). The 54.353 million euros remaining come exclusively from public funds.
however, according to the latest available data as of December 31, 2017, the amount recovered in the process of restructuring the Spanish financial system is only 4.477 billion euros, 604 million more than a year before.
Of the total, 977 million euros have been returned by CaixaBank from the aid received by Banca Cívica, 800 million of an issuance of voting shares of CajaSur, 782 million from the sale of its stake in Catalunya Banc, or 783 million from the sale of stake in Novacaixagalicia (NGC).
follow other 407 million amortised early by Ibercaja Bank of an issuance of convertible bonds (CoCos) held by the Case 3, 124 million amortized by Liberbank of an issuance of CoCos and 604 million amortized by Unicaja Bank, as a universal successor of CEISS, of an issuance of CoCos. This last repayment is the only novelty with respect to the frame of the last year.
this total recovered, the banking supervisor run by Pablo Hernández de Cos sum other 9.857 million euros, which is the recoverable amount estimated with the sale of the shares by the FROB into BFA (Bankia), and BMN, that is 67,14%. This has been calculated according to the quoted price of the shares of the entity at the end of the year, meaning that they are based on “estimates and assessment exercises”.
with regard to the support of the financial sector itself, granted through the FGD, in the period spanning from 2009 to 2016, have been increased to 9.745 million euros. In the last year, the bank has allocated 1.803 million euros to this fund.
in Addition to capital contributions, it is estimated that the funds provided to address the costs that may arise from the guarantees granted in the processes of integration and sales, whose amounts updated encrypted 11.590 million from the case of schemes of protection of assets (EPAs) and 2.026 million euros for other guarantees, some of them already executed.
banking provides more than 22,000 million
The set of the concepts relating to the value of the assets owned by the FROB and which the sale or resolution will be able to generate income in the future, it would lead to an estimate of the net resources intended for the support of the financial system that is situated in 42.621 million euros of public and 22.332 million by the sector itself through the FGD. In this way, the net sum would amount to 64.953 million euros.
This concept of cost does not incorporate the losses that they have endured the former shareholders, or of the holders of preferred and subordinated debt, as a result of the exercise of management of hybrids performed as part of the agreement of financial support signed with the European Stability Mechanism (ESM). Does not incorporate the interest earned, and the expenses incurred.
According to the criteria of
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