Spain's CaixaBank SA, Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA are among 18 large European banks that reported quarter-over-quarter increases in liquidity coverage ratios in the three-month period ended June 30, which is up from 16 banks in the first quarter, according to data from S&P Global Market Intelligence.
CaixaBank posted the highest quarterly increase among banks in the sample of 24 percentage points to 218% while Santander and BBVA saw their liquidity coverage ratios increase quarter over quarter by 12 percentage points to 150% and 0.86 percentage point to 127%, respectively.
In contrast, Bayerische Landesbank AöR posted the steepest decline in the ratio among the banks in the sample of 28.32 percentage points to 131%.
Credit Suisse Group AG remained on top of the table with a ratio of 225.86%, up 17.51 percentage points on a quarterly basis, while Groupe BPCE has the lowest ratio of 110%.
The liquidity coverage ratio measures banks' ability to withstand cash outflows, and is calculated by dividing a firm's stock of high-quality liquid assets by total net cash outflows over a certain period. The sample included banks with more than €100 billion in assets as of the end of March under S&P Global Market Intelligence coverage.
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