Looking at the numbers I don't think this is looking good. Most of their assets are illiquid and their reserve and cash on hand balance has shrunk by about 50% from a year ago. They have about 69 billion euros on reserve and this month have to make a payment of about 57 billion euros from mortgage backed securities they issued to customers. Their revenue is basically non-existant for a bank that manages 1 trillion euros. The balance sheet looks, well, balanced and healthy from a glance, but I think there are some small risks here and there. I'm not an expert on this, so please tell me what you think about what you see. Thanks!
Leave a Reply