EIM Member States – Budgets and Economics: February 2014

04 March 2014

Good news on bank capital and asset quality in Spain, Portugal, Cyprus and Romania.

• The IMF applauds Spain’s achievements;

• ECB’s Praet reports important progress and great headway last year in Portugal, though remaining concerned about profitability;

• The Troika said, with the two largest banks now recapitalised and the cooperative credit sector expected to be recapitalised shortly, the authorities need to ensure that banks and coops effectively implement their restructuring plans;

• In Romania, the IMF/EC staff commented that the banking sector continues to maintain reassuring capital, liquidity and provisioning buffers, despite pressures on asset quality.

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© Graham Bishop