BBVA has said the rate will be detrimental to Spain’s economic growth. Santander has warned that the tax “is not the best way to combat inflation.” Sabadell has accused the Spanish government of articulating the tax “in a hurry”.
Euskaraz irakurri: Bankuetako zuzendariek esan dute zerga berria errekurrituko dutela “ordaindu eta hurrengo egunean”
The main Spanish financial entities have once again made their opposition to the new tax that will temporarily tax the income of the sector very clear, in the absence of closing the parliamentary process, and have even announced that they would be willing to appeal it if they consider it necessary.
Of all the bank executives who have participated in the XIII Meeting of the Financial Sectororganized in Madrid by KPMG and Expansionthe one who has spoken most clearly has been, as usual, the CEO of Bankinter, Maria Dolores Dancausawho has said that they will appeal it “the day after paying it”.
Along the same lines, the CEO of BBVA, Onur Genchas said that the rate will be detrimental to Spain’s economic growth, and has accused the Spanish government, without mentioning it explicitly, of wanting to restrict banking activity, which is what is pursued when new rates are set for a given sector .
#EFinanciero22 | Maria Dolores Dancausa, CEO @Bankinteron the rise in rates: “Regarding the hypotheses with which we have prepared the business plans for the next two years, we have assumed that rates will rise by up to 3% and that it will last until 2024” pic.twitter.com/s6hbbX6IWr
— KPMG Spain (@KPMG_ES) November 28, 2022
For his part, the CEO of Santander Spain, António Simõeshas said that the rate “is not the best way to combat inflation” and that it will be bad “for the Spanish economy”.
The CEO of CaixaBank, Gonzalo Gortazarhas ensured that the entity will carefully study the final text of the new tax, to verify that it conforms to the law, before deciding whether to appeal it or not, as is their obligation as managers.
The CEO of Banco Sabadell, Cesar Gonzalez-Buenowhich has accused the Spanish Government of articulating the rate “in a hurry” and not falling, for example, into the contradiction that the text prohibits transferring spending to customers, and that the European supervisor, the EBA, advises them to do so whenever they face extraordinary expenses.
#EFinanciero22 | Onur Genc, CEO @bbva
Do you position yourself against the new bank tax for three reasons: it will limit growth in Spain; the stability of banks must be safeguarded in a time of uncertainty; and because their benefits respond to rising rates pic.twitter.com/OpcL6g8Epu
— KPMG Spain (@KPMG_ES) November 28, 2022
Source: Eitb
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.