Juan María Nin, CEO of CaixaBank and vice president of the Spain-India Council Foundation: "India is a good example of self-sufficiency"
The vice president of Spain-India Council Foundation has begun his meeting with the Indian journalists offering a perspective on the current economic situation and some reasons for the present crisis, "in 2007, when the financial system collapsed, many countries responded with immediacy but as Spain continued to grow, the measures were taken later". However, Juan María Nin transfered some confidence: "for the first time in six years, the discipline of these measures, based on a German model, is producing positive results at a macroeconomic level." CEO of CaixaBank justifies this horizon to the growth of the external sector. A sector that looks into the BRICS: "We need India to grow, we need China to grow [...] India is a good example of self-sufficiency, not so exposed to the mistakes we made at one time."
Until now, the presence of the Caixa in India focuses on the social work done its foundation. This nonprofit organization already has several projects in the asian country to support women entrepreneurs and to cooperate with local farmers. In addition, Caixabank Foundation in collaboration with Casa Asia, has an educational assistance program to achieve higher studies in India.
CaixaBank is leader in retail banking in Spain, with over 13 million customers. Currently maintains a strong commitment to growth, both domestically and internationally, thanks to their proven experience in investment banking.