Anton Arriola announces the change of direction of Kutxabank. The president of the bank emerged from a process of privatization of the savings banks Kutxa, Caja Vital and BBK spoke on Wednesday in Bilbao on a day organized by the Basque business association Cebek.
Privatize and grow. He says that in the last decade the offices have been reduced and the workers on the street have been left and "have not got into trouble", but now the bank wants to address the "growth challenge". "We have to grow, we have to grow beyond the borders of the Basque Country," he said.
He explains that the presence of Kutxabank is important in Madrid, Andalusia, Barcelona and Valencia, but "we have to grow geographically and with activities", he confirmed. To this end, although they have so far relied on the mortgage business, Kutxabank wants to invest in companies and is also studying important expansion projects of private banks and investment banks.
He complains about the tax that the Spanish Government has imposed on banks, although this year Kutxabank has had 52% more profits than last year.
Kutxabank is not safe
Arriola has acknowledged that the rise in interest rates has benefited Kutxabank, but warns that sinks like the Silicon Valley Bank have shown that "at what speed a liquidity crisis can reach and how it can spread".
Although the typology of this American bank is "very different" from Kutxabank, he acknowledges that in the financial sector there are currently "accelerators" related to the speed of digital technologies and that they can suddenly pull all the deposits from the bank: "It affects us all," he says. At least in the United States, they "have crossed fingers."
At the beginning of the year, the Zedarria group publicly supported the "opening of the debate" on the "defense" industry (as well as the nuclear industry), to which the Basque Government has immediately joined. First, through Mikel Torres, Vice President and Economic Counselor, who... [+]
Public education teachers have the need and the right to update and improve the work agreement that has not been renewed in fifteen years. For this, we should be immersed in a real negotiation, but the reality is deplorable. In a negotiation, the agreement of all parties must be... [+]
Economists love the charts that represent the behaviors of the markets, which are curves. I was struck by the analogy of author Cory Doctorow in the article “The future of Amazon coders is the present of Amazon warehouse workers” on the Pluralistic website. He researches the... [+]
Today’s Venice is built on an archipelago of 118 islands. These islands are connected by 455 bridges. The city is based on mud rather than Lura. Millions of trees in the area were cut down from the 9th century onwards to build piles and cement the city. Years have passed and... [+]
Ukrainaren ondoren Polonia?
Europar Batasunak Ukrainako gerra hauspotu du Kiev armaz hornituta, eta menia oraindik airean delarik, gerraren zikloan murgilduta dago bete-betean. Hori bai, bere diskurtsoa modulatzen ari da, eta gero eta gehiago hitz egiten du balizko su-etenaz... [+]
