At the moment, however, he does not see the possibility of spreading or purchasing another “of dense size”, because “these opportunities take place in situations of weakness, and now this is not the case in the sector.”
The president of Kutxabank, Anton Arriola, has revealed that the Indar Investment Society, recently founded by the Basque bank, already analyzes a dozen “major operations” with Euskadi companies.
Held in a conference-colloumium on Monday at the Dusto Business Alumni Forum, Arriola repeatedly referred to Indar, a tool with 500 million euros and whose goal is “Dynamize and Carrot” Dynamize Basque economic material “ Through financing to “tractor companies”, which “avoids having to sell to money outside.”
“We have used an intense activity of dialogue with companies in recent months and now we analyze a dozen major activities, which in many cases require an initial investment of around 100 million euros, so we would need more partners later,” he explained.
With regard to the possible output of this society, Arriola has acknowledged that it is currently “an illusion” because “first you have to build an attractive portfolio; going out would mean good news in that case.”
With regard to the growth opportunities of the entity, the president has noted that the bank is “looking” in the market to detect “Small chances”.
However, he specified that there is currently no possibility to spread or buy another “dense” entity at the Basque bank, because “those opportunities arise in situations of weakness, and now this is not the case in the sector.”
Arriola has also assessed the objectives and challenges set by Kutxabank in the Benetan Plan 2025-2027who was publicly presented in March.
This plan provides for an investment of 620 million euros in digital transformation, the inclusion of more than 450 professionals and adds more than 100,000 new private customers.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
