@article{MontielCabrero:17124,
      author        = "Montiel Cabrero, Gonzalo and Ferruz Agudo, Luis",
      title         = "{El funcionamiento, comparativa internacional y análisis
                       económico-financiero de SAREB}",
      year          = "2014",
      note          = "The aim of this research is to analyze the functioning of
                       the Company for the Management of Assets proceeding from
                       Restructuring of the banking system (SAREB), do an
                       international comparison with other bad banks the financial
                        and analyze the financial or economic situation of SAREB,
                       observing his evolution in 2013 since his beginning in
                       October 2012. Firstly, we start from basic concepts like
                       what is Sareb, what stages we can find out in creating the
                       balance sheet, what financial institutions take part in his
                       shareholding, etc... After, we will make an international
                       comparison with the bad banks of Ireland and Sweden with
                       regard to the characteristics of Sareb, we conclude than
                       NAMA and Sareb have a more similar profile than Securum and
                       Retriva. Lastly, we will analyze different types of ratios
                       to reveal that this company is heavily indebted, although
                       it does not have problems of liquidity, and the negative
                       financial income is weighing down the good performance of
                       the operating income.",
}