The director general of Criteria, Reynés Francisco, said today during a press presentation of the 'Road Show' for minority
shareholders, that "there will be no further purchases" on others, and stressed that the 'holding' will focus on developing their business plans with the signatures have already been identified.
In this sense, Reyna said that Eastern Europe is a "clear purpose" in the medium and long term for 'holding', and stressed that the entity is engaged in discussions with Austrian Erste Bank, which controls 4.9%, to close as soon as possible a preferred partner agreement that allows both entities to take advantage of synergies and that could include an increased involvement of Criteria.
Reynés indicated that in Eastern Europe there is great potential for growth in traditional
financial system, and recalled that joining the Economic Union provides, as countries are "monitored" by the European Central Bank (ECB).
"We must be cautious in the steps we take," said Reynés who ventured not specify the amount to invest, as this will depend on the opportunities that arise.
The managers also highlighted the potential of Chinese market, where the financial sector is "underdeveloped" Criteria and has a stake of 9.9% in Bank of East Asia, an entity that is licensed to operate throughout the country. Furthermore, he emphasized his alliance with the Mexican financial group Inbursa, which controls 20%, which it regarded as the "best partner" who can take the country and the platform for expansion in America.
Inbursa expected to open this year a total of 166 offices, speeding up the business plan designed by the Mexican group and criteria, that is part of the international expansion of 'La Caixa'.
On the other hand, the 'holding' in 2009 that will maintain its' pay out 'in 90% of recurring profit, which does not rule out "other accessories".