Tuesday, May 29, 2012

Bankia Balance Sheet

Bankia currently finds itself at the center of the Eurozone firestorm as the top bailout candidate in Spain.  Below are some important metrics for the bank from the most recent (english) financial statements posted on its website.  While the NPA ratio is quite high at 7%, what's interesting about Bankia is that compared to many European banks, its tangible equity ratio is actually quite high at above 5%.  Most European banks rely on lower risk weighted assets to achieve high tier 1 ratios.  Bankia also seems to be more substantially deposit funded than many of its larger European peers, which is generally a positive attribute.

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