How the finances of Portugal's BES stack up

Reuters

Fri, Jul 11, 2014, 10:25 AM

LONDON (Reuters) - Banco Espirito Santo , Portugal's largest listed lender, issued a statement late on Thursday in a bid to allay investor concerns about its finances. Here are key details about the bank's finances, as detailed in that statement and in previous disclosures: - Excess capital: 2.1 billion euros (based on March 31 capitalization level plus 1.045 billion raised in June) - Exposure to Espirito Santo family holding companies Rioforte, Espirito Santo Financial Group (ESFG) and subsidiaries: 1.15 billion euros, including 1.08 billion euros of loans - Loans to Rioforte, ESFG and subsidiaries as a percentage of total loan book: 2.1 percent (at March 31) - Provisions taken on exposure to related companies: To be decided once Espirito Santo Group restructuring is announced. - Non performing loan ratio on total loan book: 6.0 percent (as of March 31) - Liquidity support from European Central Bank: 8.346 billion euros (as of March 31) (Reporting By Laura Noonan; Editing by Sophie Walker)

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How the finances of Portugal's BES stack up

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