The bank plans to join the mortgage scheme once it manages to mitigate the impact on its accounts.

Most financial institutions Spanish companies, including large-scale and market-share ones, plan to stick with the aid scheme for mortgagee people with payment problems, which was approved by the Cabinet this Tuesday. This is how they’ve been showing it publicly and privately for the past few hours. In a certain banking feeling of relaxationAs negotiations with the Ministry of Economy allow limit the effect measures will have in the future. result accounts of the industry.

“We can explain will stay connected between main assets AEB”, approved Alejandra Kindlanpresident of the employers’ association that brings together traditional banks such as Santander, BBVA, Sabadell, Bankinter or ING. Alongside the former savings banks, Nadia Calviño, vice president of economics, announced on Tuesday that CaixaBank (of which the State is the second shareholder) plans to join.

Its President, José Ignacio Goirigolzarri, declined to confirm this Wednesday, but gave clear signs of his support: nice to come to an agreement Collaborate with government and institutionalize aid and ensure competitiveness very well functioning mortgage market. We’re working on that these weeks. one was made very positive approach and we value it very positively”. boards of directors The proportion of organizations confirm this, but in principle it does not appear to cause any general problems.

Widespread loyalty

for Good Practices Code 2012 connected 87 assets (all big ones and other small ones like more than 30 rural banks). The government now expects similar support. ” customers will want organizations can offer them these conditions and therefore a very high and widespread commitment Plana”, said the Minister of State for the Economy on Tuesday, Gonzalo Garcia AndresIn an interview published in EL PERIÓDICO from the group Prensa Ibérica.

The first public reaction from the bank some doubts about his position. Pre-agreed with employers late monday, assets do not have time to analyze in detail. First public statements senior executives the banks seemed to be pointing tepidity. But even then, the big banks privately confirmed this. will support the plan. And they have done so more clearly, with the text of the Royal Decree spelling out the plan published this Wednesday.

“We relatively happy. We would prefer to be able to negotiate with us. customers one-on-oneas traditionally done, but The government wanted a general frameworkwe came to an agreement logical“, financial sources point out. The key to this relative satisfaction is the industry’s most mortgaged falls into the category where the measures are applied. private surveillance for non-payment risk, but not be blamedorganizations will have to small amount of response To protect against possible future losses.

Thus, only Beneficiaries of the 2012 law (Up to 25.200 income, if the weight of the quota on the family income is more than 50% and the said quota is increased by 50%) will generally fall into the category. defaulters. Those who meet the first two criteria but not the last, and also those who have a mortgage measured classes (A quota of 29,400 euros per year, more than 30% of income and increasing by at least 20% usually goes to: space surveillance. According to industry estimates, each group potentially around 300,000 beneficiaries, In total, it would be slightly less than the over one million estimated by the Government.

moderate effect

The agreement therefore prevents organizations from having a greater impact on their accounts and capital withholding. affected by the flow and price of the new loan As the Bank of Spain warns (for each loan, organizations must accumulate capital). Accordingly, its governor, Pablo Hernández de Cos, ratified the agreement on Wednesday. “has been struck a balance easing the households most affected by the increase in variable rate mortgages, as well as do not create excessive pressure The top leader of the supervisory authority, an institution with recommendation in negotiations and one of its tasks is to ensure the solvency of organizations due to its impact on financial stability.

Along the same lines, Kindelán said: “We searched. help people and also protect the market The mortgage we have in Spain is a huge advantage that has helped millions of families make a living. access to housing. we have always taken into account supervisory and regulatory framework also to ensure that we protect this mortgage market, which is very important to everyone.” Jose Maria Mendezgeneral manager of the savings banks employers association (MINT), pointing out that the sector is negotiating measures “based on two propositions: accounting regulations and provisions the Single Supervisory Mechanism (ECB) for financial stability and strong mortgage marketrobust, efficient and competitive”.

Source: Informacion

Popular

More from author

Kiev announced that difficult negotiations were held with Warsaw regarding the border blockade 23:32

Negotiations between Ukraine and Poland in Warsaw on steps to abolish the common border were difficult and the meeting was not prepared. Ukrainian...

A lawsuit was filed against Makfa by the Chief Public Prosecutor’s Office 23:42

The Russian Chief Public Prosecutor's Office filed a lawsuit against JSC Makfa, the country's largest pasta producer, with the aim of converting the company's...

Russian caught by police while carrying drugs under the guise of distributing food 23:48

Lipetsk police on the M-4 Don highway caught a 23-year-old drug courier pretending to be a food distributor. Report this"MIA Media" According to the...

Air attack alert issued in various regions of Ukraine 23:40

An air raid alert was issued in seven regions of Ukraine. This is due to data published on the official source to warn...