The president of Bankia, Jose Ignacio Goirigolzarri, said today that if the IPO of questioning entity outside the group without any additional aid because it has “enough muscle.”
In recent years the bank has been able to generate 5,500 million organic capital, has insisted the banker in response to questions at the First National Congress of financial directors organized by the APD one week after learning of the expert report that doubts the accounts of the IPO of the company.
Goirigolzarri has refused comment on the latter issue but has said again that the funding issues that question the experts are prior to his arrival in Bankia.
Now, the current team will study these reports in depth before giving their opinion in January when experts are expected to attend the National Court.
Still stressed that the reports arrive the conclusion that there was a need to reformulate the accounts, even if other criteria that in his opinion “does not change the true image” that Bankia gave the market.
In addition reaffirmed the idea forwarded by the FROB, the Spanish bailout fund, that the reports of the experts do not question the amount, nor the concept of recapitalization of BFA-Bankia group in 2012.
Indeed, after 18 months after the period analyzed the reports prepared by the experts appointed by the Bank of Spain and delivered last week instructor Bankia case, Fernando Andreu, “add no adjustment” provisions carried out by the group in charge of 2011 and 2012, He added Goirigolzarri.
Finally, he explained that in the past Bankia was the focus of problems and when he raised the challenge of taking control of the entity did it for “social engagement”.
The idea is that “in a moment of alarm” if one is asked to take a step forward, it does or not “would never forgive”, even if it means making tough decisions early and communicate, for example, all offs that detected in the state.
After all this, because “any bank in the world” welcomes begins to repay the aid a year later (his rescue) as did Bankia, which is now in “excellent position” therefore solvency, as demonstrated by the stress test, and profitability, because at the end of September rose 8.4% on equity (ROE).
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