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)
