【出版时间及名称】：2010年1月西班牙银行业研究报告
        【作者】：摩根大通
        【文件格式】：pdf
        【页数】：104
        【目录或简介】：
Table of Contents
Asset impairments spreading beyond loan books? - Spain’s
risk perception on the rise – cutting estimates and
valuations..................................................................................3
Theme 1 – Revisiting credit quality - Hiding losses or
managing risks? Higher real estate impairments................20
Real estate acquisitions – Increased loss assumptions to reflect
long-term depreciation..............................................................23
Unchanged view on “traditional” credit quality– NPLs rising
further until YE10E, substandard/restructuring additional risks 36
Theme 2 - Market concerns spreading from credit losses – a
closer look at funding and sovereign risks..........................48
Funding snapshot and prospects – no strong ECB dependence,
no clear shift towards short-term instruments...........................50
Spain’s systemic risk on the rise? – a closer look at bond
portfolios...................................................................................63
Company Profiles...................................................................77
Q4 09 previews .......................................................................78
Banco Popular ........................................................................79
Banco Sabadell.......................................................................81
Bankinter.................................................................................83
Banco Pastor ..........................................................................85
Banesto ...................................................................................87
Santander................................................................................89
BBVA .......................................................................................91