saving banks
March 31st, 2009
The one year Euribor reference rate has been falling since the ECB started lowering interest rates in the autumn of last year. The average rate of interest charged by Spanish banks on new mortgages has been rising steadily since December 2007. The average interest rate charged by Spanish banks for new mortgages ...
Continue reading Spanish Banking Breaking Down
December 3rd, 2009
The tie-up of the two Catalan institutions, Caixa Penedes and Caixa Laietana, will create the country’s ninth-largest savings banks by assets. Plus, Unicaja and Cajasur of Andalusia are the latest two banks to merge in the midst of the nation’s worst recession. Two Spanish savings banks, Caixa Penedes and Caixa Laietana, ...
Continue reading Two Bank Mergers in Spain – Many More to Come
December 31st, 2009
Spanish savings banks have begun selling off the large property portfolios they acquired as collateral from loan defaults, in an effort to improve solvency ratios, a move that risks further falls in property values that could impair the value of their asset books. In Spain, the global financial crisis that erupted ...
Continue reading Spanish Banks Saddled With Property Debt
January 14th, 2010
Two more regional Spanish savings banks, Caja Duero and Caja Espana, agreed to merge on Monday, Spanish news reports said, as the pace of consolidation in the sector gathers pace amid the country's recession. The two banks, both based in the northern region of Castilla y Leon, reached the deal late ...
Continue reading More Savings Bank Mergers in Spain
July 9th, 2010
International investors flocked to buy Spanish bonds on Tuesday amid rising hopes that Madrid had averted a financial crisis and would not have to use emergency bail-out loans. The Spanish raised €6bn ($7.6bn) in 10-year bonds, with orders rising to €14bn in the space of just a few hours, as many ...
Continue reading Spanish Bonds Attract Global Investors
