Summary of the General Intervention by the AEB Secretary General
The year 2013, although still difficult, will be the bridge year toward recovery. The results of Spanish banks for the first quarter of 2013, amounting to €3,140 million, are still modest as a consequence of the complex economic environment, but will improve progressively throughout the year.
Spanish banking groups recorded an attributable profit of €3,888 million in the first quarter of 2010, after strengthening their capital position and improving their efficiency
Spanish banking groups recorded an attributable profit of €3,888 million in the first quarter of fiscal year 2010, 4.1% lower than that obtained in the first quarter of 2009.
Summary of the speech by the Secretary General of the AEB on the Results of Spanish banks as of March 2010
“Spanish banks remain in profit, with good profitability and without public aid despite the difficulties of the economic environment.”
The Secretary General of the AEB highlights that, amidst the crisis, Spanish banks have strengthened their competitive position and capital soundness.
Spanish banking groups reported an attributable profit of 12,709 million euros as of September 30, 2009, representing a 10% decrease, after allocating 15,993 million to provisions.
The president of the AEB states: “Spanish banks are preparing to compete in a new international financial landscape”
Miguel Martín predicts that the resolution of the crisis will bring significant changes to the regulation, supervision, and business model of the international financial system.