Bankinter refuses to carry out a staff cut “in the present or in the future”

The bank stands out from the adjustment processes that other banks are carrying out and reiterates its commitment to guaranteeing stability to the workforce.

Jacobo Díaz, Bankinter financial director.

Bankinter flatly refuses to carry out a strong staff cut like the one they are implementing these days CaixaBank Y BBVA and other banks have done in recent months, such as Santander or Ibercaja.

“The bank is not thinking about any adjustment in the present or in the future,” he pointed out. Jacobo Diaz, financial director of the bank, during the presentation of results of the entity, which he has not been able to attend Maria Dolores Dancausa, CEO of Bankinter, given that it is affected by Covid-19.

The manager has reiterated the entity’s “commitment” to “guarantee the stability of the workforce”. “That commitment remains intact. To the question of whether we could consider any adjustment, the answer is no“, Has pointed out.

Government pressure

Precisely, as Invertia publishes this Thursday, the Government has launched a campaign to pressure CaixaBank led by the second vice president, Nadia Calvin, and with the help of leaders of United We Can, with the aim of dissuading other companies that may be thinking of carrying out Records of Employment Regulation (ERE) with these magnitudes.

The Minister of Economic Affairs expressed in Congress on Wednesday her willingness to minimize the impact of CaixaBank’s ERE in an intervention in which she also took the opportunity to charge against the “high salaries” of bank executives.

“It is about remunerations that do not correspond at all with the economic situation of our country, and even less in entities that are announcing strong personal reduction and closing of offices ”, he pointed out.

Asked on several occasions about these statements, Díaz has refused to refer to these statements and has limited himself to answering questions related to the entity’s financial situation.

Less provisions

In another vein, Díaz explained that the bank There is no plan to make new provisioning due to the economic deterioration of the pandemic. Bankinter’s financial director explained that the provision estimates were made based on the Bank of Spain’s forecasts, which have not worsened.

“We have no intention of making extraordinary provisions. We are in constant communication with the regulator and we have not received any message ”, said Díaz about the possibility that the Bank of Spain is asking them for a greater effort.

Looking ahead to this year, the entity plans to increase its profitability compared to last year, when it closed at 7% due to the impact of extraordinary provisions. “It will depend a lot on the cost of risk. If it remains as it is, we will go to 8% ”, he pointed out. All in all, Bankinter’s ROE closed the first quarter at 11.3%.