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The Bank Of Spain Worsens Its Forecast And Anticipates A Contraction Of The GDP: “negative Surprises Accumulated”

  SPAIN it faces a new economic contraction in the first quarter of the year after the country suffered its worst peacetime crash last year. Data such as the estimate of Gross Domestic Product (START) in real time from the Independent Authority for Fiscal Responsibility...

The Bank Of Spain Warns That Entities Are Facing A New Increase In Bankruptcies And Requests Aid Only For Viable Companies

The Bank of Spain warns that the balance sheet clean-up process that financial institutions have carried out in recent years has come to a halt as a result of the pandemic. Doubtful or failed loans that banks must prevent with provisions that allow absorbing...

‘Hostelera, small, young and urban’: The Bank of Spain draws the profile of the company most damaged by the crisis

The Banco de Spain sheds light on the company profile most impacted by the coronavirus crisis, coinciding with the new aid plan in which the Government is working for an amount of 11,000 million euros. A study carried out by the supervisor makes it...

Hernández de Cos asks for aid to improve the solvency of companies: “The damaging effect on banks must be minimized”

The Governor of the Bank of Spain, Pablo Hernández de Cos, calls on the Government for a shift in the economic stimulus policies used to deal with the effects of the coronavirus to focus on the solvency problems that already drag thousands of companies. "The...

Towards a new normal “much more technological than the previous one”

In the opinion of Enrique Marazuela, Head of Economic Analysis at BBVA Research, "the new normal will be much more technological than the old one." "We have taken a giant step: we had the technological solutions on the table, but perhaps due to previous...

Operators launch into finance: MásMóvil will offer loans of up to 60,000 euros

MasMovil breaks into the consumer credit sector, which will reach up to 60,000 euros for its clients through MoneyGo. The operator, which controls the Xfera Consumer Finance company in which Cetelem also participates, enters into new financial services, which will include another service such...