Caixa Catalunya's new plans to return funds in five years Frob.
At the request of the source reporting, the seventh paragraph is replaced by the textual statement of the President of Caixa Catalunya.
Barcelona, March 8 .- The new Caixa Catalunya to arise from the merger with Caixa Caixa Manresa and Tarragona and whose name is yet to determine plans to return the 1,315 million euros has asked the Fund for Bank Restructuring and Management (Frob) in five, sto credits, years.
This has been explained in the last presentation that provides results as a separate entity from Caixa Catalunya director general of the box, Adolf Everything.
"In five years we will repay the Frob; the most important way from 2012," said today that the future will be CEO of the merged entity.
"Our liquidity is 1600 million, five times, sto credits, the money and asked to refund the Frob Frob as we have important results," Everything has been detailed.
On the timing of the merger, the president of the box, Narcis Serra, has advanced the timing now up to the EU, but we hope that during the first semester this approved the merger and in the third quarter choose the new organs of government. ", tera gold,
In this sense, Narcis Serra has opened the door to other than the person chosen to chair the resulting box, which will be the fifth in Spain by volume of assets, noting that "I think it will be my last press conference as president Caixa Catalunya.
Serra said quote: "do not know if we'll have to call new press. But I think that if, even before the assembly."
Regarding the controversy over the pay rise they were introduced members of senior management during 2009, including its own Everything, Narcis Serra has justified by pointing out that "Brussels does not put limits on the remuneration of directors, but if that puts limits on the can take risks. "
"Caixa Catalunya renewed the director in 2008 and this renovation included the agreement to reach an average wage in the sector and in 2008 we thought it was a very high increase, so it finally came in two phases, one in December 2008 and again in December of 2009, "has detailed Serra.