Caixabank Chairman Believes Rates Hike Will Not Be Sufficient To Obtain A Level Of Profitability Higher Than The Cost Of Capital

Alphavalue/DIVACONS | The chairman of Caixabank, José Ignacio Goirigolzarri, flagged on Thursday that the financial sector must obtain a level of profitability which is higher than the cost of capital, a challenge with which the normalisation of interest rates will help. That said, he believes this hike “will not be sufficient” to achieve this. So the banking sector will have to redouble the transformation efforts made during the last few…

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BBVA once again opens door to corporate deals: “It would have to be a big bank, with a large market share”

Alphavalue/DIVACONS | The CEO of BBVA (Buy, Target Price 4,30 euros/share), Onur Genç, commented on Wednesday that the Spanish bank is open to exploring potential acquisitions of financial entities. In regard to this, he highlighted the following: “It would have to be a big bank, with a large market share”. Asked about the business in Turkey, which has recently been accounted for under a criterion of hyperinflation, Genç argued that…