It is the one that will need the least money, 2% of the 26,000 requested from Spanish banks La Caixa will need 602 million to comply with the new capital requirements imposed by Europe, which force Spanish systemic entities (Santander, BBVA, La Caixa, Bankia and Popular) to increase their solvency levels to 9%. It will be the entity that needs the least money, compared to 15,000 from Banco Santander or 7,000 from BBVA. The entity chaired by Isidro Fainé will be the one that will need the least money to meet this requirement, around 2% of the total of 26,000 million euros required of the entire Spanish bank. Sources close to La Caixa explain that the figure of 602 million is still provisional and is subject to change depending on the carried out jointly with the Bank of Spain during the coming weeks with the final closing data for September .
They assume that they will achieve this amount of 602 million organically. They have undrawn generic provisions for 1,835 million euros, another 1,500 million in obligations necessarily convertible into CaixaBank shares and the latent capital gains in their portfolio of shares available for for 1,580 million euros as of October 21. The
UK Mobile Number List entity's capital as of June 30 with the methodology of the European Banking Authority (EBA) was 8.9% , only one tenth below the new minimum. In this sense, the strong capacity for organic capital generation to reach this level stands out, which stood at 6.8% at the end of . According to La Caixa sources , the group will comply with the new capital requirements imposed by Brussels before within the deadline set by the European Banking Authority to complete the European recapitalization process.
The Supreme Court has agreed to report unfavorably on Alfredo Sáenz 's request for clemency so that the Executive can commute the sentence of three months of arrest and professional disqualification that the same court imposed on him for a crime of false reporting. The five judges of the Criminal Chamber of the Supreme Court who condemned the executive last March have considered that there are no “reasons of justice or equity” for the pardon to be granted. The Supreme Court convicted Sáenz, considering it proven that he gave instructions so that in 1994 Banesto would present, knowing it was false, a criminal complaint for fraud and confiscation of assets against the businessmen Pedro Olabarría , Luis and José Ignacio Romero and Modesto González Mestre , with the aim of paying 639 million pesetas that their companies owed.
