BBVA, according to its testimony, decided not to invest in the ops, as they had been asked, after verifying that there were no purchase orders from large international investors. «Then we were implacable. We could not enter into an operation that was not in the books of international investors “, he detailed, showing the distrust that Bankia generated internationally in the markets. Moreover, during his testimony Printable Letter L has gone so far as to say that the income accounts of the financial institution, then chaired by Rodrigo Rato, were not credible. “There was a feeling that there were little credible benefits, to say the least. It seemed that their numbers were quite far from reality. They were very high compared to other entities such as Santander and BBVA, “he explained.
Printable Letter L
The banker, already retired after leaving the presidency of BBVA and after resigning as honorary president of this bank and its Foundation, has come to deny also that the collapse of the fourth bank of the country was somewhat unexpected and that there were no alerts until started the year 2012, as the former Governor of the Bank of Spain Miguel Ángel Fernández Ordóñez came to declare, who assured that until the first months of that year his inspectors did not warn him of anything. The former president of BBVA has assured that already in 2011, 2010 and 2009 he warned the Ministry of Economy and the supervisor of his concern about the situation of savings banks and the need to Fix the problem
“The position of the supervisor was to gain time without the State entering the capital of the entities, they wanted to create the feeling that everything was going well. For one reason or another, the Bank of Spain did not want to deal with this problem, “Gonzalez said, referring to the situation of May 2012, in the days before the nationalization of the entity, and the dinners in which the banker and their counterparts Emilio Botín (Banco Santander) and Isidro Fainé (Printable Letter L) with the then Minister of Economy, Luis de Guindos, and the former president of Bankia, Rodrigo Rato, addressed the situation of the financial system but, above all, that of Bankia. González accused both the Bank of Spain and the Government of José Luis Rodríguez Zapatero of delaying the solution to the problem of the savings banks, first denying it and then promoting cold mergers (SIPs) like those of Bankia, which, in his opinion, “was merging bad boxes with others that were worse ».