Author: Juan Carlos Hidalgo | EFE
He predicts that there will be more interest rate hikes in the coming months
President of the Spanish Association of Banks (AEB), Alejandra Kindelanhe assured “absolutely” that there is no risk of contagion of Spanish banks due to the crisis Credit Suissea subject that has been having problems for some time, such as not having any due to the fall Silicon Valley Bank in the United States.
During his speech at the New Economy Forum, Kindelán insisted that the situation These entities “have nothing to do” with the entities of the Spanish bank and at the meeting of the European Central Bank (ECB) this Thursday believes that “with manual in hand”, considering inflationthere is more rate increases in front.
“I am more convinced than ever that in Spain we have the best banks in Europe, and perhaps in the world,” said the president of the bank association.
On the other hand, and in front of a large audience, Kindelán asked advance banking union and once again questioned the need for the creation of the Body for the Defense of Financial Clients, due to its price or financing model with a rate of 250 euros that the subjects themselves would pay for clients’ claims.
Mortgages and deposits
Asked about care for the elderly, Kindelán recalled various measures in the sector such as the extension of the working hours of cashiers or the obligation that all over 65 with passbooks or savings books will continue to have it. He also reviewed progress so that there are face-to-face banking services in municipalities that do not have them.
As for the agreement on mortgage relief measures agreed with the Government, he asked that this be taken care of and that no expectations be created that it will change, and he pointed out that the number of requests and expressions of interest is increasing. Until last week, about 15,000 and 9,000 in processing.
On the slowness of the sector to increase deposit fee, Kindelán only reminded that the sector comes from a highly liquid environment, which implies that it does not need to raise funds from its clients. Despite this, he insisted that there is “a lot of competition” in Spain and that there are already entities that are starting to do this.
The president of AEB, on the other hand, referred to the need to say that “without banking, there is no progress or opportunity for people to improve” and that the sector, not counting on the new tax, already allocates 51% of its benefits to pay taxes and with them to support the welfare state .
Source: La Vozde Galicia

I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.