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Spanish banks anno 2012.

Based on the newspapers and my own experience, Spanish are in a very bad financial shape. If the loans to project developers or the real estate they had o take back because of non paying borrowers would be valued against market value, they would be bankrupt. Instead politicians say that they are undercapitalized.


Spanish banks are among the most undercapitalized banks of the European banks despite the Spanish politicians saying all the time that they have the best and most solid banks. Who can you trust these days? 


Anyway, in order to improve their situation they must either attract capital or reduce lending. They are doing both. That is why it is almost impossible to get a loan or credit from a Spanish bank today. The only loan you will get is if you buy their real estate. If you negotiate well they might give you very interesting financial conditions.



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