Cortázar warns that now is not the time to strangle the economy with new taxes

William GinésSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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CaixaBank looks with optimism to the second half of the year after having experienced a semester of “special”. The ceo of the entity, Gonzalo Cortázar , has been highlighted in the press conference after the results presentation that the bank “has lung and demand” enough to close the year with profits.

Between January and June, CaixaBank recorded a profit of 205 million euros, a 67% less. Despite this, the management has highlighted that the entity has gained market share and has based the fall of the profit in the provisions of 1.155 billion euros made until June . An “exercise of caution” that it is not replicated in the second half of the year.

Questioned by the possible involvement of CaixaBank in processes of consolidation of the sector, Cortázar has been adamant. “We can exit the crisis without making operations”, explained the ceo of the entity, which has also ruled out carrying out new settings template.

What will remain will be the reduction of l a network of branches of the bank . The entity maintains the goal of reaching 3,600 offices and has plans to continue trasvasando workers of establishments physical service inTouch. “It is a process that we’ve been doing the natural way”, he said Cortázar.

The steering has also advocated the possibility of delivering a dividend in cash with a charge to the results of 2020, despite the fact that the ECB has extended its recommendation to avoid this formula until the beginning of 2021. Cortázar believes that the requirements of the supervisor they will relax in the next few months, and has assured that the bank’s plans go through to distribute up to 30% of your winnings this year.

At the macroeconomic level, the ceo of CaixaBank has launched a message to the Government to ensure that “it is the worst time to raise taxes”, especially to the bench. “We need a financial sector strong and healthy to provide liquidity to the economy”, stressed the manager, who has claimed to “not strangle” the activity with new tax burdens.

“In the medium term will have to take measures, but these should be based on a broad consensus”, he said. On the possible reform of labour legislation, Cortázar has supported measures that serve to “improve” the current regulations and to eliminate the duality of the market, which especially affects young people.

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