The council of Popular reinforces its support of president Ron – Investing.com Spain

MADRID (Reuters) – Banco Popular (MC:) said on Thursday that its board has strengthened the support of its chairman, Angel Ron, after press reports that pointed to possible respite after the capital increases carried out by the entity.

In a terse statement, Popular said that the council also supported the current strategy of the bank, which passes by the creation of a vehicle real estate experts consider key to the success of the bank plan to reduce toxic assets.

“The Council remains united to drive the business plan announced to the market,” said the bank.

The movement against Ron would be headed by the shareholder mexican Antonio Valley, according to the newspaper Expansion.

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