The savings banks transfer retail business assets and liabilities to

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Caja Madrid, Bancaja, La Caja de Canarias, Caja of Ávila, Caixa
Laietana, Caja Segovia and Caja Rioja
The savings banks transfer retail business
assets and liabilities to Banco Financiero
 The savings banks will continue to maintain their naturality as credit
institutions, as Banco Financiero y de Ahorros delegates the
management of retailer business to them, within their respective
territories of influence
 This agreement forms part of the integration model developed by the
Group, to unify the financial and business policies of the savings banks
that constitute the Group, and pool 100% of all profits
January 28, 2011.- The Boards of Directors of the savings banks that integrate
Banco Financiero y de Ahorros S.A. have approved, within the integration
framework, the transference of assets and liabilities of retail business banking to
Banco Financiero y de Ahorros. At the same time, the Bank yields the
management of their assets and liabilities to the savings banks, therefore
maintaining their naturality as credit entities. In this way, clients of the seven
savings banks will be able to continue with their regular operations. The
respective companies will continue to manage their retail banking activities,
under their own brand, and within their territories of influence.
The territories in which each of the seven savings banks will manage the
corporate retail banking of the Group are distributed as follows: Caja Madrid
(Autonomous Community of Madrid and Castile-La Mancha); Bancaja (Valencia
and the Balearic Islands); La Caja de Canarias (the Canary Islands); Caja de
Ávila (Province of Ávila); Caixa Laietana (Province of Girona and Barcelona,
except the Municipality of Barcelona); Caja Segovia (Province of Segovia); and
Caja Rioja (Community of La Rioja). Equally, Caja de Ávila will retain
responsibility in the management of Salamanca and Caja Segovia of Valladolid.
On the other hand, in the municipality of Barcelona, Caja Madrid, Bancaja and
Caixa Laietana keep their own trademarks.
This integration model will reinforce the solvency of the Group, making the
acquired solvency commitment more real and efficient, contributing thus to
restoring the investor confidence in markets, and the Spanish economy as a
whole.
The transfer of assets and liabilities to Banco Financiero y de Ahorros is framed
within the integration model developed by the Group, through which the seven
savings banks unify their financial and corporate business policies, thus pooling
100% of profits.
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In this way, the new Group functions as one company, the third largest bank in
Spain; with 340,000 million euros in assets, and the leading bank in terms of
volume of corporate and retail banking in Spain.
The Company has a website, www.bancofinancieroydeahorros.com, where you
can access all legal, financial and institutional information, relevant facts,
introductions to investors, corporate documentation and the Press Office, along
with additional content.
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