Bank Balance Sheets and True and Fair View

October 26, 2009

Within a few days of each other, AEB and CECA published the consolidated results of Spanish banks and savings banks for June 2009 at the end of August.

Although lower than a year earlier, the first half of 2009, the fourth since the start of the global financial crisis, had once again closed with profits of 13 billion euros for the system as a whole, and this after having made an effort in provisions and write-downs for credit risk of 15 billion euros, 78% more than in the same half of the previous year.

Read the article by Santiago Pernías, advisor to AEB, published in Expansión.

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