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September 12, 2014

Moody’s gives a positive vision of the banking system of Spain

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Moody’s gives a positive vision of the banking system of Spain

According to the international rating agency Moody 's, the Spanish banking system will recover better than Italian and Portuguese, which will be possible due to the weakening of financing conditions and recovery and revitalize of the credit industry in the country, added the rating agency.

Pressure on the results of economic growth continues in Italy, Portugal and Spain. Nevertheless, the Spanish banking system will continue to develop and recover better than in Italy and Portugal in the 2014 and 2015, according to the report of the international rating agency Moody's. This is one of the main conclusions of a published report, which adds that the recovery of the banking sector will be different in Ireland, Italy, Portugal and Spain, as this will depend on the improvement of the economic situation in these countries. For Moody 's, the asset quality in the Irish banking system will improve, as well as the quality of their balances, and also will smooth the depreciation of assets on the balance sheets of the banking institutions in Italy, Portugal and Spain.

However, the creation of capital and best efforts will not fully remove the problems faced by the banking system in these countries, because the asset quality and solvency ratio remains below the level of banks in other European countries.

Furthermore, the pressure on the results continues to play an important role in Italy, Portugal and Spain, but will be lower than in Ireland, while it will reduce the stiffness of the financing conditions and appeal to the facilities offered by the European Central Bank (ECB).

The ratings agency Moody’s also notices that the trajectory of recovery that will pass these countries starts from different levels in terms of credit, efficiency, asset quality, capital, liquidity and benefits.


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