Kraina Szczęścia

Banco Marenostrum, owned by Caja Murcia, Caja Granada and Sa Nostra de Baleares, is emerging as a strong candidate to take over Banco de Valencia, which must be auctioned by the FROB in the coming weeks. The group led by Caja Murcia stands out for its interest and determination to win the next auction. The unknown is whether he will achieve the strong aid he demands to stay with the Valencian entity. Valencia's meager capitalization and high percentage of toxic assets hold back most potential buyers. Marenostrum , led by the general director of Caja Murcia, Carlos Egea, has just passed the solvency examination by the Bank of Spain, and could continue its journey alone, but wants to grow with a purchase, without ruling out a merger with another group, according to media close to the entity consulted by El Confidencial Digital .

The commitment to Banco de Valencia, a former subsidiary of Bancaja, is very suitable for Marenostrum due to its implementation in Levante, because it would mean growing in an oil spot in a region with industrial and SME weight. The challenge is that Banco de Valencia is inflated with toxic real estate assets and a tiny capital ratio, less than UK Mobile Number List 4%, which complicates digestion, if there is no injection of capital and million-dollar aid. Aid from the Bank of Spain If the Bank of Spain agrees to grant the buyer a generous EPA (Asset Protection Scheme), such as the one granted to Sabadell for the purchase of the CAM (Caja de Ahorros del Mediterráneo), Banco Marenostrum would have no problem acquiring it and cleaning it up with ease. Marenostrum is improving its balance sheet by leaps and bounds: its real estate restructuring is very advanced .



Last year it sold 12,400 homes held by developer clients, unable to sell their properties, and this year it has sold more than 2,200 homes in the first quarter alone. This year it expects to have settled 50% of its real estate developer risk, which will mean lower consumption of provisions and a very notable lightening of its balance sheet. Under these conditions, it is in better circumstances than other groups of savings banks to face any purchase or absorption of another entity. Three years ago, even with the Eskenazys in the management of YPF, Repsol had to endure continuous arbitrariness and impositions on thlevel of investment , mandatory distribution of dividends at 90% of the profits (so that the Eskenazys paid the interest on their loans ) and fuel prices intervened, even at a loss, by the populist energy policy of Cristina Fernández. unsafe country The businessman recognizes Argentina's bad reputation as a country, "with an image of insecurity and default .