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Montero Pardo questions to the boxes thate

Montero Pardo questions to the boxes that went into "matters outside".

Lugo, July 26 .- The President of Caixa Rural Galega, Jose Maria Pardo Montero, today questioned the operation of those savings banks chose to get involved, sometimes, in matters unrelated to what it should be the horizon. "

During the signing of an agreement with the University of Santiago de Compostela, Childbirth Montero wanted to step out in those, mortal gold, reports which talk of the boxes in general, without distinguishing whether they are public or private.

Based on this appreciation wanted to point out that private banks that operate as Credit Cooperative Societies, which would be the entity for which he presides, "do not have these problems of complicated elements for having taken, at any given time, loan, grants or advances, which, buy mafia wars items, did not have the necessary stall. "

He said the problems confronting some cases are due to be put "on issues unrelated to what should be their horizon and competence" and that precise, "no step with Credit Cooperatives."

At this point I would stress that this lack of problems is not an exclusive merit Caixa Rural Galega, but many credit cooperatives,, tera gold, rural credit unions although not, as the case of Mondragon, "got the same results and the same lack of delay on their balance sheets in these past years that fall at the time of crisis. "

He stressed that this situation also has been played outside our borders, as in Germany or France to the agricultural banks "are exactly the same way, nor had that situation of abnormality that other banks had to bet, at a time given a very dangerous product and caught in front line. " handle / ELR

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