José Luis Olivas

Who is José Luis Olivas?

Jose Luis Olivas Martinez is a Spanish politician of the People's Party. He was the third president of the Generalitat Valenciana when Eduardo Zaplana moved to Madrid in 2002. A year later he was replaced by Francisco Camps, who took over the leadership of the party in the Valencian Community. Olivas decided then to pursue a business career. In 2003 he was appointed president of Banco de Valencia, in 2004 president of Bancaja and in 2010 vice president of Bankia.

Banco de Valencia went bankrupt in October 2011 and the State took over its control. Olivas resigned. In December 2011, Bankia declared enormous losses and the government nationalized the entity and imposed a new direction. In May 2012, he was resigned as president of Bancaja.