Caja group to launch new joint retail bank

Author (Person)
Series Title
Series Details 29.1.11
Publication Date 29/01/2011
Content Type

Caja Madrid and six smaller Spanish savings banks announced in January 2011 that they would pool all their retail banking business in a new joint company that will be Spain’s biggest domestic retail bank. This followed another announcement in January that La Caixa, the Barcelona-based savings bank, would launch a listed bank valued at €20.6bn as part of the restructuring of the banking sector in Spain.

Related Links
ESO: Background information: Spain plans more restructuring of savings banks http://www.europeansources.info/record/spain-plans-more-restructuring-of-savings-banks/

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