The President of the Generalitat of Valencia, Carlos Mason, expressed concern this Thursday about the possibility of a merger between BBVA and Banco Sabadell, since this would mean that in the Valencian Community “two large financial structures would concentrate almost 60% of the market.”
“This doesn’t sound like good news to me,” Mason said in statements to the media before attending an economic forum in Vanguardwhere he explained that This Thursday he spoke early in the morning with Banco Sabadell. and they told him they were “studying the operation in detail.”
The President of the Generalitat stressed that the news about a possible merger of banks He didn’t like “nothing, nothing” and remarked: “I don’t say this with a smile, because I don’t have one.
“This doesn’t sound like good news to me,” Mason said in statements to the media before attending an economic forum in Vanguardwhere he explained that This Thursday he spoke early in the morning with Banco Sabadell. and they told him they were “studying the operation in detail.”
The President of the Generalitat stressed that the news about a possible merger of banks He didn’t like “nothing, nothing” and remarked: “I don’t say this with a smile, because I don’t have one. Now I’m worried,” he says. Eph.
Mason insisted that he is concerned about this possible merger, firstly because he is in favor of competition, for citizens to have the greatest possible alternatives and, if this operation is carried out, 60% of the financial market of the Valencian Community.
“I believe that the ability to choose and ability to increase competitiveness and competition, Both things are positive. I want more financial structures in which citizens can choose,” said Valencia’s chief executive.
Secondly, he stressed that the territory must be protected and for this reason they will keep a vigilant eye on the headquarters in Sabadell – currently in Alicante – because although the operational or institutional headquarters is “a very relative term” or ” symbolic wink” because “in the end they all end up in Madrid” we must be “cautious” regarding possible transfer from this headquarters.
Asked about his conversation with Sabadell, Mason said that it was a “serious bank” and therefore he was going to “seriously study all the details”, and said that the Generalitat was going to “to be on top” as they have always maintained a “constant flow of dialogue” and will be “attentive” to how this situation develops.
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