CORRECT (12/8): EBA: Spanish Banks Capital Shortfall At EUR26.17 Billion

Spanish banks have a capital shortfall of EUR26.17 billion, the European Banking Authority said Thursday, in the final estimate of its year-long recapitalization exercise.

Of that total, around 80% corresponds to the country's top two banks by assets, Banco Santander SA (STD) and Banco Bilbao Vizcaya Argentaria SA (BBVA.MC). Santander's shortfall stands at EUR15.3 billion, with BBVA's at EUR6.33 billion.

Of the next three largest Spanish banks, included in the EBA estimates, Banco Popular SA's (POP.MC) shortfall is at EUR2.58 billion, Bankia SA's (BKIA.MC) at EUR1.33 billion and La Caixa's at EUR630 million.

In a press release, Spain's central bank said these numbers are practically identical to those included in EBA's previous shortfall estimates, released in October.

Spain's central bank also said all of the banks reviewed have already stated they won't require government aid to reach the capital levels suggested by EBA.

-By David Roman, Dow Jones Newswires, +34 91 395 8127; david.roman@dowjones.com

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