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.
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 AEB General Secretary points out that “Spanish banks are generating profits in the midst of an unprecedented economic and financial crisis”
Spanish banking groups recorded a profit of 4,052 million euros in the first quarter of 2009, representing a 21.5% decrease.