Post by raishamisa2233 on Feb 22, 2024 6:11:32 GMT -5
Frankfurt is reviewing the offers of numerous entities because it suspects that they are not assessing the risk of default Banks prepare for a trade war of cheap loans A blow to the banks: the sentences force them to return all the money from mortgages with abusive clauses BBVA confidential report: the new threat is Chinese digital bankers The EU slaps Spain on the wrist for leaving the victims of evictions “defenseless” Headquarters of the European Central Bank in Frankfurt. The European Central Bank (ECB), through the Single Supervisory Mechanism, is not willing to see a new credit bubble occur in Spain. Some senior executives in Frankfurt have already expressed private concern about this issue.
The first to sound the alarm was the president of BBVA, Francisco González . We are already seeing the beginnings of an undue expansion of credit, with operations that do not respond to strictly business criteria, that are not assessing the risk well he noted a few days ago in an interview in El País. He added that some entities are relaxing their risk criteria a problem attention to.” The banker pointed out that Denmark Mobile Number List for the banking industry, the immediate result is a major temptation. “Financial institutions must present results every three months , and the banking world is very complex, because an entity can expand the balance sheet and increase profits in the short term, but bankrupt the entity after four or five years, as we have already seen in Spain González reflected.
Risk control and check if the demand is solvent High-level financial sources, to which El Confidencial Digital has had access, now reveal the concern that some senior executives of the European Central Bank are expressing privately these days about this same matter. They recognize, specifically, that they are vigilant about the products of some Spanish entities that are offering loans at really low rates at this time. They seek to know if they have taken into account the possible risks of future non-payment. Also try, therefore, to verify that the applicants for these loans are solvent . A simple loan trade war crept in The CEO of Banco Santander, José Antonio Álvarez, also recently admitted during the presentation of first quarter results that it will not be possible to maintain the level of interest margins over time .
Interest margins are the banks' first source of income. It is the difference between the interest generated on credit, minus the interest paid on deposits. He predicted that the context of low rates will continue over time , and also that there will be strong competition in credit due to excess liquidity. Until now, he explained, it has been possible to maintain the level of margins at the cost of lowering the cost of deposits. But he considered that the limit has practically been reached. However, he did anticipate what will happen with the spreads applied to loans and credits . exp-player-logo Repsol leads the rises of the Ibex 35 with a rise of 5.5% after allocate 10,000 million to the shareholder Cheaper credits but not more accessible According to financial experts, to whom ECD has had access, in this scenario the banks need to obtain assets.
The first to sound the alarm was the president of BBVA, Francisco González . We are already seeing the beginnings of an undue expansion of credit, with operations that do not respond to strictly business criteria, that are not assessing the risk well he noted a few days ago in an interview in El País. He added that some entities are relaxing their risk criteria a problem attention to.” The banker pointed out that Denmark Mobile Number List for the banking industry, the immediate result is a major temptation. “Financial institutions must present results every three months , and the banking world is very complex, because an entity can expand the balance sheet and increase profits in the short term, but bankrupt the entity after four or five years, as we have already seen in Spain González reflected.
Risk control and check if the demand is solvent High-level financial sources, to which El Confidencial Digital has had access, now reveal the concern that some senior executives of the European Central Bank are expressing privately these days about this same matter. They recognize, specifically, that they are vigilant about the products of some Spanish entities that are offering loans at really low rates at this time. They seek to know if they have taken into account the possible risks of future non-payment. Also try, therefore, to verify that the applicants for these loans are solvent . A simple loan trade war crept in The CEO of Banco Santander, José Antonio Álvarez, also recently admitted during the presentation of first quarter results that it will not be possible to maintain the level of interest margins over time .
Interest margins are the banks' first source of income. It is the difference between the interest generated on credit, minus the interest paid on deposits. He predicted that the context of low rates will continue over time , and also that there will be strong competition in credit due to excess liquidity. Until now, he explained, it has been possible to maintain the level of margins at the cost of lowering the cost of deposits. But he considered that the limit has practically been reached. However, he did anticipate what will happen with the spreads applied to loans and credits . exp-player-logo Repsol leads the rises of the Ibex 35 with a rise of 5.5% after allocate 10,000 million to the shareholder Cheaper credits but not more accessible According to financial experts, to whom ECD has had access, in this scenario the banks need to obtain assets.