Spanish banks Falsesummit 西班牙银行 远未结束 Mark down loans, raise capital, repeat; 减少贷款,提高资金,重复此道; Like exhausted climbers nearing the summit onlyto find a higher peak beyond, Spain s flagging banksface another push for the top. In February theSpanish government hoped at last to put an end toworries about lenders health when it asked them toset aside billions in provisions and to raise morecapital. It also pushed for mergers to reduce capacity and improve margins in anovercrowded market. 正如精疲力竭的攀登者接近峰顶时才发现前方还有座更高的山峰一样,西班牙疲弱的银行们面临着又一个困难。2月,西班牙政府要求银行按规定预留数十亿并筹集更多的资金,希望以此最终消除有关银行健康的担忧。政府还促使并购者们在过度拥挤的市场中减小规模,提高利润。 These measures provide some comfort. Spain s central bank says that since the middle of2008, banks have set aside 112 billion Euro against loan losses. This yearit asked them to set aside another 54 billion Euro in provisions and new capital . With these plumpcushions, Spain s banks can shrug off losses amounting to about half of their loans toproperty developers. The IMF now reckons that Spain s largest banks have enough capital towithstand most shocks, although its smaller and weaker ones remain vulnerable. |