Articles tagged as: savings banks

December 1st, 2014

Bankia, the Spanish banking conglomerate formed in December 2010 by consolidating the operations of seven regional savings banks, announced in a press release last week the launch of their Christmas campaign, where they are offering a total of 6,000 homes for sale throughout Spain at discounted prices. The campaign, entitled "Pisoterapia ...

Continue reading Bankia Launches End of Year Campaign with Big Housing Discounts

November 1st, 2013

SIMed Opportunities (Salón Inmobiliario del Mediterráneo) opens its doors today at the Trade Fair and Congress Centre of Malaga (FYCMA) with a wide range of real estate offers in the province of Málaga and in the north of Morocco, which includes houses, detached villas and apartments, and even rural properties ...

Continue reading SIMed to Offer Homes from 25,000 Euros

September 20th, 2013

The arrears of loans granted by banks, savings banks, cooperatives and credit institutions (EFC) to individuals and companies, climbed to 11.9% in July, up three points from the previous month, marking a new record since the Bank of Spain began collecting data. Diario Sur reported that, according to the data published ...

Continue reading Banking Delinquencies Mark New Record in July

June 20th, 2013

In a recent announcement, reported in El Mundo, the Foundation of Savings Banks (Funcas) predicted that the Spanish economy will contract by 1.5% this year and grow by 0.7% in 2014, which is one- and two-tenths percentage points more, respectively, compared to their previous forecast. Funcas attributes this modification to the ...

Continue reading Funcas Improves Forecasts for Economic Recovery

May 30th, 2013

According to figures released on Tuesday by the National Statistics Institute, the number of mortgages on homes reached a new low in March, dropping by 34.1% over the same month of 2012, to stand at 16,270 transactions. The annual decline in March, with which mortgages have accumulated 35 consecutive months ...

Continue reading Mortgages Mark New Low in March After Falling by 34.1%

May 1st, 2013

The number of new mortgages on homes stood at 24,197 in February, representing a drop of 7.5% compared with the same month of 2012, according to figures released last Wednesday by the National Statistics Institute. The annual decline in February, with which mortgaged homes accumulated 34 consecutive months of falls, is ...

Continue reading Home Mortgages Fell by 7.5% in February

December 31st, 2012

According to the latest figures released by the National Statistics Institute, the number of new mortgages on homes in October this year totalled 19,105, which is down 14.4% compared to the same month of 2011. With October’s year-on-year decline, home mortgages accumulated 30 consecutive months of declines. However, the decline ...

Continue reading Home Mortgages Fell 14.4% in October

November 27th, 2012

The number of new mortgages contracted for house purchases in September fell 32.2% compared to the same month of 2011, reaching 21,195 transactions. This latest figure marks 29 consecutive months of declines and a sharpened pace of decline, which in August was 28.5%. However, according to the data published by the ...

Continue reading New Mortgages Fell 32.2% in September

October 23rd, 2012

The number of new mortgages granted on homes stood at 21,106 in August. This is the lowest figure since the comparable historical series began in 2003 and, according to the National Statistics Institute, represents a decrease of 28.5% year-on-year. This latest figure marks 28 consecutive months of recorded decreases. Up until ...

Continue reading New Mortgages Fell by 28.5% in August

September 24th, 2012

The number of new mortgages contracted on homes in July of this year totalled 24,291, which is a drop of 17.5% compared to the same month of 2011, according to figures released on Friday by the National Statistics Institute. Including the drop in July, the number of mortgaged homes have ...

Continue reading New Mortgages Down 17.5% Year-on-Year

August 29th, 2012

The number of new mortgages on homes totalled 24,321 in June this year, which is a drop of 25.2% from the same month of 2011, according to figures released by the National Statistics Institute on Monday. The explanation: people who need a house but can not gain access to a loan ...

Continue reading Home Mortgages Fell 25.2% in June

July 31st, 2012

Annual inflation has risen three-tenths in July, to 2.2%, mainly due to the higher prices of medicines and other pharmaceuticals, taking it to its highest level of the year, pending the implementation of the VAT increase in September. According to Consumer Price Index (CPI) flash estimates, published by the National Statistics ...

Continue reading Medications Bring Inflation to Highest Level of the Year

July 24th, 2012

According to data released yesterday by the National Statistics Institute, the number of mortgages contracted on residential property in May stood at 26,007, representing a fall of 30.5% over the previous year. Together with the annual decline in May, the number of mortgaged homes accumulated 25 months of consecutive declines, although ...

Continue reading Residential Mortgages Fell 30.5% Year-on-Year in May

July 18th, 2012

The General Workers’ Union (UGT) has complained that the restructuring of the savings banks will leave 4.8 million people with no bank branch in their area. The union estimates that 2,656 villages, which at present only have savings banks, will be left without any bank branches, which would mean financial ...

Continue reading Cajas Closures Will Leave 4.8 Million Spanish Without Local Branch

July 2nd, 2012

The Savings Banks Foundation (Funcas) has predicted that the revenue from VAT will increase by 3.57% if the Government decides to increase the standard rate by one point, from the current rate of 18% to 19%. Funcas has produced a report on the likely impact on households (which accounts for 75% ...

Continue reading VAT Increase ‘Imminent’ Says Funcas