The reliability of the Spanish banks has been certified. Spain is also the country with the lowest possibility of deterioration in the stress scenario: 120 basis points, less than the average of all banks analysed (320 bp) and less than a quarter of the average (519 bp).
In the adverse scenario-which forecasts GDP negative growths until 2016- the capitalisation of the Spanish lenders mean that they are able to exceed the minimum threshold of 5.5% Core Tier of risk-weighted assets. That is determined as the minimum level to avoid a capital increase. Most Spanish entities have exceeded the minimum level, with capital levels ranging between 8% and 10%.