Sector losses due to procedural issues decreased from more than 5,500 million in 2015 to about 1,500 million in 2020
The Banks They had some 2.5 billion Euros reserved at the end of June to deal with judgments or decisions who – which The power to return the money or compensate them Client In Spain. “They are now beginning to embody the legal risks that come from behind because court cases take time. Large operations are practically completed Looking to the future, it is expected that (this amount) will be reduced gradually,” said a few days ago, the Director of Financial Stability in the Arab Republic of Egypt. Bank of SpainAngel Estrada after the disclosure of the data.
In fact, the size losses The sector has suffered from these concepts decline almost uninterrupted since 2015, from a maximum of more than 5.5 billion From the euro that year to more than 1.5 billion 2020 as stated in the last financial stability report of the regulator. The current rise in claims may halt this downtrend momentarily, but there are claims Current complaints In general for the concepts that assume smaller quantities than in the past, so this decline is expected to continue in the medium term.
The entity with the greatest judgments on “procedural matters”, logically speaking, given its size, is Santander (2,185 million As of June, the figure for its international presence was roughly equivalent to that of the banking system in Spain). “The Group’s general policy consists of recording provisions for transactions of a financial and legal nature in which it is estimated that Possible risk of loss “No provisions are recorded when the risk of loss is possible or remote,” he said in his semi-annual accounts, an explanation that could extend to the rest of the sector.
The bank headed by Anna Putin is by far the bank that provides the most detailed information in this regard. Thus, it has 1,128 million for various legal actions going on and 625 million to compensate customers in other ways (mainly to correct “mistakes” in selling certain products in United kingdom, the word phrase from popular bank and loans indexed in Swiss francs at Poland), adding 432 million to job claims in Brazil. In addition, another 609 million have been set aside to pay disputed taxes, mainly in Brazil and the United Kingdom.
The rest of the entities
The BBVAOn the other hand, it has been booked 536 million For legal and other emergencies 44 million for tax issues. In his accounts, he only specifies that he is under investigation by the National Court regarding his relationship with former Commissioner Villarigo, but notes that the danger in question is not provided because it is “unpredictable” of its impact. In Spain and in other jurisdictions in which the group is located, Legal and Regulatory Procedures and Procedures against financial entities, motivated in part by certain rulings in favor of consumers by national and transnational courts – in relation to issues such as the terms and conditions of credit cards and mortgage loans – A significant increase In recent years this trend It can be kept in the future“, reveal.
CaixaBankOn the other hand, it has been booked 671 million for legal emergencies and 404 million for disputed taxes. “The dynamic nature of litigation and Huge difference in judicial standards frequently promotes changes to scenarios, without prejudice to the fact that the group has established control mechanisms to control the development of claims and requests and Various legal sensitivities in judicial matters that allow identification, definition and estimation of risk,” he noted in his accounts.
The rest of the large banks provide less information and in some cases only an estimate can be made of the reserves held from the available data. According to June reports, this is the case Sabadell (120 million), Bankinter ($103 million, which specifies that it provided funds for multi-currency mortgages and revolving cards), Unicaja Bank (97 million), KutxaBank (71 million), Ibercaja Bank (28 million), Abanca (24.3 million) and Cajamar (23.6 million).
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