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Podcasts
Financiers and uncertainty. How is it managed?
105:43
Emma Montserrat, Head of Corporate Banking and Deputy Assistant Managing Director at Bankinter, talks to the CFOs of AERTEC, Avangreen, CIE Automotive, Domingo Alonso Group, IFC (Cantabria Labs), Sprinter and Teknia. Together they analyse the situation faced by CFOs in their day-to-day work.
Audio extract
Good afternoon to everyone, and welcome. My name is Jacobo Díaz. I am the CFO at Bankinter. As someone was telling me a moment ago, what better person to introduce this event than the CFO? So, I have a deep empathy with everyone here, both in terms of duties and obviously concerns.
Bankinter was founded more than fifty-five years ago as an industrial bank and is very focused on the business world, which is why we have always wanted to empathise with the financial departments of all companies. We have never been oblivious to your concerns, your needs, and we have striven to make Bankinter a partner for all of you.
As you know, we have an initiative, the CFO Forum, which aims to bring together, in coordination, all the CFOs of our clients so that they can share products, services, experiences, concerns, opportunities and solutions, and hence the birth of the CFO Forum as a tool, as a meeting point for all CFOs.
I am here today to introduce the new CFO Forum Frontline Report which is the report that we prepare and issue annually. Last year I had the good fortune to present it with great success and apparently with great value and very good feedback from all of you. It is therefore a pleasure for me to present once again this second edition of the Frontline Report, which I am sure you will love.
I have had a look at it, and I have to say that it is very much geared towards managing uncertainty. If it's any consolation, we all had a lot of uncertainty, so it is good for us to know that the level of uncertainty will continue increasing.
As I like to say, uncertainty has become business as usual. We have to live with uncertainty although we are not always accustomed to living with uncertainty. However, the truth is that we cannot choose, and this is what we have been dealt.
From my position, in the Bank, we are no strangers to this uncertainty. We are subject to very strong changes in interest rates, in expectations, and of course we are not immune to the impact of inflation. In our particular case, we are also very much subject to the ups and downs of the market, to the confidence or lack of confidence of our investors. I can assure you that 2023 has been an absolute challenge for us, as I imagine it has been for all of you.
Anyhow, without further delay, I would like to give the floor to Javier, our Director of Medium-Sized Enterprises, who will moderate this session. I am sure you are going to have a much better time with him than with me. I would like to thank you for coming, and my thanks to everyone connected online. I would also like to thank all those who have participated in this study. I found the answers to be very real, very true, and I agree with the general feeling of those who responded to the surveys, because the level of uncertainty is indeed enormous. But we must be optimistic – we have solutions, we have tools and many capabilities in our teams, and this is just one more challenge of many that we have to face. So, keep your spirits up, be optimistic. We will get through this.
