The results of the exercise pointed to a need to reinforce the value of impairments by € million, around 2.2% of the overall amount of exposures assessed. In 2013, Banco de Portugal ran a new exercise focused on credit portfolio impairment assessment and on the fair value calculation of the participation units held in restructuring funds.
It was directed to credit granted by banks to all segments, with the exception of mortgage and consumer credit (which are assessed by collective impairment models) and of credit to public sector entities. The credit portfolio assessed amounted to € billion,  BIS central bankers’ speeches  3  representing 23% of total assets.