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Spanish savings banks exposure to real estate debt

Source: Reuters - Fri 21st Jan 2011

The Bank of Spain has demanded the country's 17 regional savings banks give more detailed information about their exposure to real estate and property debt in a bid to inject credibility back into the sector.

The unlisted banks, or 'cajas', lie at the heart of concerns about the stability of Spain's financial system. Here follows key details from the information the banks have released to date. The deadline falls on Jan. 31.

Figures are in millions of euros and refer to the banks' positions at the end of 2010.

Name of bank: Caja Espana-Caja Duero

Total assets: 45,656

Total loan book: 27,870

Exposure to real estate loans: 8,067

Of which bad loans: 1,677

Total provisions: 2,166

Has it received government money up to now? Yes

Name of bank: Grupo Banco Mare Nostrum

Total assets: 71,000

Total loan book: 52,500

Exposure to real estate loans: 11,554

Of which bad loans: 2,829

Total provisions: 2,080

Has it received government money up to now? Yes

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