“Although they are difficult to design because public money is involved, direct aid is necessary now to keep companies operational. We are moving in the right direction.” This was stated by our chairman, José María Roldán, at the ‘Observatorio Finanzas’ organized by Invertia and El Español.
During his speech, he maintained that “we must downplay debt restructurings; they are a normal part of the financial business, but I do not see them as imminent, given that the grace and financing periods for ICO loans are being extended.”
Regarding the current context, he considered that “it is inevitable that non-performing loans will rise, but Spanish banks have prepared for that moment and are among the sectors that have made the most provisions in all of Europe, so they are calm.”
You can watch his full speech here.
