According to the new rule passed by Spanish central bank, all fully listed banks in the country are required to maintain a minimum 8% core tier 1 capital ratio and 10% if they are privately held.
The Bank of Spain said 12 banks in the country need an aggregate EUR15.15bn extra capital to meet its new criteria.
Deutsche Bank’s Spain unit has also been asked to pump EUR182m to reach that level.
Both, Barclays and Deutsche Bank have said that they are aware of the new capital requirements, and will increase core capital ratio in their Spanish subsidiary by the September deadline.
This week, it was also reported that Barclays was looking to shut more than 100 of its 600 branches in Spain, to trim losses.
