27.05.2010 - Bank of Spain proposes squeeze on bank real estate

From Reuters: The Bank of Spain intends to tighten rules on provisions Spanish banks have to make against real estate on their balance sheets, it said in a statement late Wednesday. The central bank said these new requirements could result in an increase of 2 percent in provisioning Spanish banks had to make and could reduce pre-tax profits in their domestic business by an average of around 10 percent..............................................Full Article: Source

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