Santander, June 17 (EFECOM).- The president of BBVA, Carlos Torres Vila, took for granted this Monday the integration with Sabadell after the takeover bid launched last month, and has assured that once completed it will maintain at least the first year the risk control policy of this entity, which “has done very well.
Torres Vila, who has inaugurated the course of the Association of Economic Information Journalists (APIE) at the Menéndez Pelayo International University (UIMP) of Santander, has hinted that he does not doubt that the operation, which has been harshly criticized by the Government, will come to fruition within the planned deadlines.
He has expressed his “firm commitment to maintaining Sabadell’s risk management model,” and has indicated his intention to maintain “the financing lines of all small and medium-sized companies for at least 12 months.”
The integration with Sabadell, he assured, is “a clear commitment to SMEs, which will reinforce our role with these companies.”
Torres Vila has highlighted the need to invest in new technologies and, in particular, Artificial Intelligence, which will become the driving force for the development of companies, not only larger ones but also SMEs.
However, he has warned that Europe, which has been a technological benchmark in the last two centuries, “is falling behind” before China and the United States.
China “has overtaken us” and the United States “has a lot of advantage over us,” he stated, which is why it is necessary to allocate huge investments to reduce the gap against the main competitors. EFECOM
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