The CEO of Bankinter, María Dolores Dancausa, has stated that she is against market intervention in general, "whether real estate or any other type", as, in her opinion, "it produces distortions", such as the measure to limit the price of rent included in Spain's Housing Law.
For Dancausa, intervening in this market "seems very attractive, a good proposal, taking into account inflation and the lack of rental properties, but in reality, it produces distortions in the market", which is why she said she is "against" the current government's rental policy.
This is what she said at the press conference that Bankinter held this Thursday to unveil its results for the first quarter of 2023 when it reported earnings of €185m, 20% more than the same period in 2022.
When asked about the proposal made by the President of the Government, Pedro Sánchez, to mobilise around 50,000 Sareb homes for affordable rentals for young people and families, Dancausa refused to give her opinion on a proposal that forms part of the election campaign.
"We joined Sareb without much enthusiasm and, as was foreseeable, we saw that it was not going to contribute any value, so we left. We are not involved with Sareb, and I shall not give my opinion," she said.
Financial turbulence
Dancausa stressed that the presentation of results comes "one month after" the financial turbulence that caused several US regional banks to collapse, including Silicon Valley Bank (SVB) and Credit Suisse. "The entities and the Spanish Banking Association (AEB) have done nothing but highlight the resilience of all the banks supervised by the European Central Bank (ECB)", she said in this regard.
"We have been strengthening our balance sheets, liquidity, capital ratios and solvency for 11 years. The ECB is perfectly aware of all the risks and external forces that can affect each of the banks; they know us very well", she added.
Moreover, she stressed the "sound resilience" of her entity, which has been proven in the stress tests carried out regularly by the EBA. "The loan-to-deposit ratio was 102.6%, and we have no significant maturities in the coming years," Dancausa also highlighted.
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