BANKING SECTOR: 2021 STRESS TEST (ANÁLISIS BANCO SABADELL)
The stress tests of the banking sector made public last Friday to 50 banks (70% of total assets in the European banking sector) ended with a -485bps squeeze in the adverse scenario of 2023 FL CET1 from -10.2% on average’20. In our coverage universe, with the exception of Société Générale, the ratio remains >8%. Bankinter, along with Santander, obtained the best result (-104bps and -258bps, respectively and vs. -450bps on average in the rest of our coverage universe). Additionally, Bankinter shows the highest final FL CET’21 level (11.25%), followed by ING Groep (10.99%) and Intesa SanPaolo (9.39%) vs. 9.31% for Santander and 7.54% for Société Générale. As in the base-case scenario (economic recovery) all banks generate capital, there are no indications suggesting specific restrictions in dividend payments.11 BIT STUDIOS SA is a Poland-based company engaged in the game development industry. Its product portfolio includes four games: Anomaly Korea, Sleepwalker's Journey, Funky Smugglers and Anomaly Warzone Earth. The Company produces video games for different devices, such as video consoles, personal computers (PC), and Apple products (iPhone, iPad), among others.
Banco Bilbao Vizcaya Argentaria is an international financial group, engaged primarily on providing banking services and consumer finance to private individuals and businesses in Spain and Portugal; providing real estate activity in Spain; providing services to international companies and investment banking, capital markets and treasury management services to clients; and providing the banking, insurance and pension businesses in Mexico and the U.S., as well as in South America.
Bankinter is the parent company of a group engaged in banking activities. Services provided include: investment banking; capital market services; financial services insurance; international services such as foreign exchange transactions and travelers' checks; wholesale corporate banking; and retail and private banking services. Co. offers its products and services through the following channels of distribution: branch network; telephone banking, interactive (software) banking; agents; and Internet banking. As of Dec 31 2014, Co. had assets totalling Euro57,332,974,000 and deposits totalling Euro29,966,129,000.
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