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Rato says de Guindos had “instructed” him that Banksia should merge with La Caixas.

The former president of Bancia Rodrigo Rato assured that in January 2012 the then Minister of Economy Luis de Guindos…

By admin , in news , at May 11, 2022

The former president of Bancia Rodrigo Rato assured that in January 2012 the then Minister of Economy Luis de Guindos called him to his office and told him that the merger with La Caixa and Caixabank should be carried out “under conditions”. Established by the institution and without public assistance.

In an article published in La Rezon, Rato recalled the creation of Bancia and said that in October 2011, when the bank IBEX-35, La Caixa (caxabank) raised the possibility of a merger and in November they reached an agreement, which was later blown up because the Catalan entity “wanted to change terms.”

At the end of 2011, Rato recalls, the PP came to the government and in the first days of January 2012 de Guindos called him to his office and told him that the merger with La Caixa “should be carried out under the conditions established by the entity. “, something that the then President Bankia He refused to accept “without looking at other options.”

Shortly after, de Guindos announced that Spanish banks needed 50,000 million more in provisions and weeks later the government imposed these provisions by decree part, “a decision that normally concerned bank of spain», says Rato.

In March of the same year, he recalls, de Guindos invited him to dinner to discuss Bankia’s write-down, a meeting in which Santander, BBVA and La Caixa; According to Rato, de Guindos threatened to nationalize Banksia and the bank’s later CEO, Jose Sevilla, presented himself as a representative of a potential foreign investor and was allowed to view the accounts.

After that, he assured that de Guindos had called him for more provisions, as “the earlier decree had not acted to placate some of the markets concerned by his own statements”, and in May 2012 Already held with two new appointments. Chief Banker after which he decided to present his resignation as the President of Bankia.

Rato says de Guindos had “instructed” him that Banksia should merge with La Caixas.

2022-05-11 10:44:25