Madrid, 12 February (EFE) .- The president of the Spanish Banking Association (AEB), José María Roldán, said today that the very negative evolution Spanish banking suffers Bag “has nothing to do” with the situation, as the sector “has done its homework” has no liquidity problems and has a growing profitability.
“what we is that markets would distinguish more between banks that have done their homework and those who may still have remaining tasks, “said Roldan told Efe, despite doubts among investors has raised the situation of some European institutions, which in recent days has plummeted in the equity markets.
in this sense, the president of the AEB has insisted that Spanish banks have done their homework, because from the hardest years of the crisis, has tripled its net assets, has no liquidity problem, and has made cleaning “absolutely spectacular” balance.
“the liquidity position and balance sheet strength is years light of the beginning of the crisis, “remarked Roland, who nonetheless respect to European banks said that although he has also made progress has been uneven across countries.
And, as explained, in Europe, there are banks that have problems in their business model or balance, as they have not done cleaning that have made Spanish banks.
So the situation is very heterogeneous , explained Roldan, who has insisted that the market “must be no discrimination between one entity and other”.
“in the future, structural values prevail as Spanish banks are solid, and so, this differentiation will occur “in the market, he asserted Roldan, who said to be taken with” a little peace “this volatile market environment equity as Spanish banks are in a situation fully different from the beginning of the crisis.
Asked about the doubts of some analysts about the negative trend in European banks on the stock market it shows that the measures adopted in Europe to improve the sector have fallen short Roldan explained that such initiatives are very important, but insisted that some countries such as Spain have made more progress in bank restructuring others, where the process has been slower.
in any case, he has left clear that institutions that have been launched in Europe “improve the status of an important sector.”
“you are welcome and important,” said the president of the AEB, for whom volatility they are suffering from the markets is widespread in sectors and countries, and reflects in a way, “one on difficult reaction to explain based on the evolution of the real economy, even in the evolution of the international economy.
Ha as an example the situation of china’s economy, one of the concerns of the market, but that in his opinion, is in the process of change of model, with significant growth of 6% environment.
the same is true of oil, according to Roland, for whom the fall in prices is great news for the economies of Western Europe, and yet, hosting markets negatively, probably “by an over interpretation of the implications this may have for economic growth “
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