The Spanish Banking Association’s primary objective at this time is to help Spanish businesses and families overcome the consequences left in our economy by COVID-19. To this end, it has been committed to supporting its members in the numerous initiatives they have adopted to provide liquidity to businesses and facilitate mortgage and personal loan payments for their clients, among many other measures. Our banks can do this thanks to their strong solvency and liquidity position, as shown by the 2019 results presented today.
The results of Spanish banks show how they have improved their solvency and asset quality, as well as their coverage ratio throughout 2019, in line with the efforts made in recent years to strengthen their balance sheets. This translates into a comfortable capital and liquidity position that enables them to face the crisis caused by the pandemic by deploying a wide range of support measures for their clients: families and businesses.
Also noteworthy is the high recurrence of the main business margins and the fact that they maintain profitability and efficiency above the European average, despite the current interest rate environment. This was explained by the AEB President, José María Roldán, in the presentation of the annual results.
