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Two reasons. I am passionate about banking. In addition, I have remained a banker on the board of Société Générale which, as you know, is a world-class bank. Second reason, institutional. It seems to me that Morabanc is an institution, a bank with exemplary behavior. All the confidence of presiding over an institution that is in its fourth generation, that has been operating for 70 years in a perfectly serious country, with a great future in Europe, as demonstrated by the fact that it occupies the number 1 position in the Basel ranking of governance. Although a good part of the growth of the financial sector in Andorra is based on banking secrecy, which now no longer exists. Changing your image is something that takes time. There are two considerations here. First of all, compliance with the law. In Andorra as a country and in Andorran institutions - with the exceptions that may also exist in France, Spain, the Vatican or wherever - there is compliance. In general, in the United States and Europe, when an institution behaves badly, what happens? that disappears. We have seen it now in the United States. We have seen it in Switzerland. We have seen it in Spain.
We also saw it in Andorra with BPA. One case does not make the country. «The Andorran banking system literally reproduces international regulations» Is it an impediment that the bank, like the rest of the Andorran Russia Mobile Number List entities, is not in the euro zone? We are in Europe, our currency is the euro and we are physically in the euro, and at the moment we are negotiating a very interesting association agreement with the European Union. But it is not supervised by the European Central Bank (ECB). The Andorran banking system literally reproduces international regulations. And the monetary agreement that is in force. We are not here on the issue of access to the central bank. It's like Switzerland, which isn't there either. The Andorran government is negotiating what is called an association with Europe precisely to be able to access the European Central Bank through the Bank of Spain or the French Central Bank. All this is being negotiated. Given these considerations, why would a client prefer to be in an Andorran bank and not in a Spanish or French one? The client type does not exist.
There are clients who think that banks as specialized and with as much tradition as Andorran banks, with a wide range of services in terms of products and quality of service, are an offer that best suits their needs. Because we do it very well, because we have been doing asset management and listening for many years. In this sense, it is a differential value. Give me figures for that in Spain. The objective we had for this year a few weeks ago, when we opened in Barcelona, was 500 million euros of managed assets. But we are going twice as fast as we had planned, we have already achieved 1,000 million. And in Madrid, where we have just opened, we have set ourselves some truly ambitious goals. The square in Madrid has some different characteristics compared to that in Barcelona. Which? What Madrid has at the moment is a strong influx of assets. I would say that it is a secondary but important heritage of Latin America. We are seeing a flow that goes from Latin America to Miami.
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發表於 2024-3-12 15:40:49