Calviño urges banks to remunerate their customers' deposits

The Vice President of the Government, Nadia Calviño, has urged Spanish banks this morning to remunerate the deposits that their clients have so that, thus, they can benefit from the rate rise.

Oliver Thansan
Oliver Thansan
18 June 2023 Sunday 16:26
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Calviño urges banks to remunerate their customers' deposits

The Vice President of the Government, Nadia Calviño, has urged Spanish banks this morning to remunerate the deposits that their clients have so that, thus, they can benefit from the rate rise. The president of BBVA, Carlos Torres, who shared a table with the vice president at the inauguration of the XL APIE seminar at the UIMP in Santander, responded that the problem of not paying for accounts is "high liquidity."

During the colloquium, the vice-president insisted on the suitability of the bank tax, which in her opinion has not prevented the sector from continuing to give credit as it has up to now. "With the benefits that the banks report, they have no problem paying it off and continuing to channel the credit," said the vice president. On the other hand, Torres has maintained the discourse on the inappropriateness of the tax because it can detract from the flow of credit in the market.

On the possibility of making the tax permanent as promised by the Minister of Labor and candidate for the presidency of Sumar, Yolanda Díaz, Nadia Calviño has assured that "a review and evaluation is planned to make decisions for the future" on the maintenance of it.

During her speech, the vice-president expressed her chest about the good economic results in Spain in recent years. Asked about the Bank of Spain's warning about Spain's divergence from Europe in GDP per inhabitant, Calviño has assured that in recent years it is the fault of the pandemic.