One hundred people have received the arrival of the coffin with the remains of Emilio Botín family home to” The Promontory “in Santander. / ATLAS / EFE
“I tried to push the penalty as Messi, I looked to the side and I kicked the other, but not logged. ” Santander Bank president arrived Friday at 20.30 pm the House Manzoni, in the center of Milan, joking and showing the photographs was done, short dress with the gear for Juventus in a match that had played with the chairman of Fiat, John Elkann, and other Italian friends and partners in the Juventus Stadium in Turin. “I come a little hurt,” he admitted, as recognizing that at 79 was not to hard physical labor, but also showing an energy and vitality that surprised those present.
Booty had invited a small group of journalists from major Spanish newspapers, including El Pais, a dinner in Milan leveraging the Grand Prix of Formula 1 Monza last weekend. They arrived in good spirits, with tanned skin, wearing a red pants, a navy blue blazer and a white shirt with no tie with the name and logo of Santander embroidered in red.
Over dinner, they asked for transition in the bank and made it clear that was not going to retire, he looked strong enough to carry 10 or 20 years, he said jokingly. “I have found that I can be president without work,” continued the joke. “I have such a good CEO and such a great team that could disappear four months and not be noticed.” But obviously not really stopped working. Returned to Madrid on Sunday before the Grand Prix because he had called a meeting to prepare the shareholders’ meeting next week.
is supposed to be a relaxed meeting, but Booty had thoroughly prepared a presentation on the situation of the bank, their large numbers, their future plans. The rules marked everything that contase there was what in journalistic parlance is called off the record that is confidential; single context, tracks, impressions, but not for publication, much less to be attributed. Booty, however, put nervous colleagues stating that he did not care that it was published what it said, something that the company has now agreed, omitting only some numbers and personal references.
On the political situation, Booty showed a dual concern for the independence tensions in Catalonia and the boom can. About Catalonia, it looked forward to some kind of rapprochement and asked whether it would be advisable that employers should do a public statement about the benefits of the unity of Spain and the need for understanding. He feared that the confrontation by consultation radicalize and put at risk the stability of the Catalan Government.
For the president of Santander, was important to have a strong socialist party as an alternative. So after the good results of the European elections can and surveys, Booty feared the division and fragmentation of the vote had just causing a political scenario of ungovernability.
The situation of the bank
The president of Santander showed how improved the situation of the entity (and the Spanish Economy) markets, he taught the world rankings of banks by market capitalization and proclaimed its immediate goal to be among the top 10. Ascend to the top places saw more difficult: “If we did a great transformation operation to buy a large Italian or German bank, yes, but we’re not anywhere near that.” He also showed interest in Novo Bank, the successor to the Portuguese Espírito Santo entity. And yes, instead of investing in the UK and Brazil.
The aim of Booty was that the bank returned to profit levels before the crisis (over 9,000 million per year) in four or five. He boasted that during the crisis, Santander had been able to make profit every quarter and not cut the dividend, unlike its competitors. And he expressed confidence that the bank would stand out nicely from the stress tests on European banks, whose results will be announced in October. “Not everyone needs the same capital,” he said, highlighting the business model of low risk, asset quality and high revenue generation.
The meeting lasted three hours. Booty did not avoid any questions. He drank some wine at dinner and a little whiskey to desserts. None of these could imagine what would happen four days later.
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