MADRID, March 21 (Reuters) – The Spanish banks are resilient and have strong capital and liquidity positions, Bank of Spain Governor Pablo Hernandez de Cos said in an interview to newspaper Expansion, released on Tuesday.
“The Spanish banking sector is resilient and has strong capital and liquidity positions,” De Cos told Spanish newspaper Expansion in an interview.
“In fact, due to the retail-oriented commercial banking business model, which is the majority in our financial system, the Spanish banking sector has shown remarkable results in the last year,” De Cos said.
The interview comes following UBS group’s state-backed takeover of Credit Suisse. (Reporting by Jesús Aguado; editing by Inti Landauro)