{"id":36282,"date":"2016-07-31T00:00:00","date_gmt":"2016-07-30T22:00:00","guid":{"rendered":"https:\/\/aebanca.es\/actualidad\/te-interesa\/aeb-informa\/the-average-customer-does-not-need-to-worry-about-negative-rates-because-they-will-not-affect-them\/"},"modified":"2026-04-09T09:50:43","modified_gmt":"2026-04-09T07:50:43","slug":"the-average-customer-does-not-need-to-worry-about-negative-rates-because-they-will-not-affect-them","status":"publish","type":"blog-aeb","link":"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/aeb-informa\/the-average-customer-does-not-need-to-worry-about-negative-rates-because-they-will-not-affect-them\/","title":{"rendered":"“The average customer does not need to worry about negative rates, because they will not affect them”"},"content":{"rendered":"

The Euribor has now been in negative territory for five months for the first time in history. What is traditional banking business like in an environment of negative rates? <\/strong><\/p>\n

The environment in which we are operating is exceptional and, as such, we hope it will not last long. I have defined what negative Euribor entails\u2014charging savers and subsidizing those who request credit\u2014as a “contra-God.” What I want to express is that we are in a historical contradiction; we must understand that this is not normal. Secondly, in a credit portfolio there will always be a probability of default and, therefore, a loss that the bank will have to cover with a final positive rate, even if the underlying interest rate of the entire portfolio is very low. In the mortgage portfolio, such cases are very limited, but even so, that is the normal functioning of banking. <\/p>\n

Jos\u00e9 Mar\u00eda Rold\u00e1n, Chairman of the Spanish Banking Association<\/p>\n

Download the interview<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

At the midpoint of his term at the helm of the banking association, Jos\u00e9 Mar\u00eda Rold\u00e1n describes the effects of low interest rates that currently shape the environment in which banks must operate as a historical contradiction. <\/p>\n","protected":false},"featured_media":35989,"parent":0,"template":"","etiquetas":[330,372,359,327],"categorias-blog":[783],"class_list":["post-36282","blog-aeb","type-blog-aeb","status-publish","has-post-thumbnail","hentry","etiquetas-aeb","etiquetas-bancos","etiquetas-jose-maria-roldan","etiquetas-tipos-de-interes","categorias-blog-presidency"],"yoast_head":"\nBlog AEB - Asociaci\u00f3n Espa\u00f1ola de Banca<\/title>\n<meta name=\"description\" content=\"At the midpoint of his term at the helm of AEB, he describes the effects of low interest rates that currently shape the environment in which banks must operate as a historical contradiction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/aeb-informa\/the-average-customer-does-not-need-to-worry-about-negative-rates-because-they-will-not-affect-them\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blog AEB - 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