Stats › Valorisation › Bail-in record
Europe's only banking union bail-in wrote down 2.03 billion euro of capital instruments and did not touch a single senior creditor
| Layer | Montant | Ce qui s'est passé |
|---|---|---|
| Existing shares, one identifier | no nominal amount stated | 100 per cent of them cancelled |
| Additional tier one, six instruments | 1,346,542,000 euro | written down |
| Tier two, eight instruments | 685,315,828 euro | written down or converted |
| Senior debt and other eligible liabilities | aucun | the notice records that "Neither other creditors of the Institution nor the DGS have suffered losses" |
| Resolution fund | aucun | the authority's annual report states the resolution "avoided the use of the SRF and of public funds" |
| Sale | 1 euro | all shares transferred to the acquiring bank |
Single Resolution Board notice SRB/EES/2018/132, recording the resolution decision of 7 June 2017. The two largest hybrid instruments alone account for 1,249,973,000 euro of the 1,346,542,000, derived.
Banco Popular's resolution on 7 June 2017 cancelled all its shares, wrote down 1.35 billion euro of hybrid capital and 685 million of subordinated debt, and used no resolution fund money. The bank sold for one euro.
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