Search
How To Guides
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
Did you know...?
Topics
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
Latest Blogs
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
54 News results found for 'Ahorros'
- Spain to take legal action against former Bank Managers - Tue 24th Jun 2014
Spain's FROB fund, which handles the government's stakes in bailed out lenders, said on Tuesday it is preparing to take legal action against several former savings bank managers concerning the financial crisis ... more - Spain to try former CAM executives over bank's collapse - Tue 18th Feb 2014
Spain's High Court is set to try two former senior executives at CAM, a small regional savings bank that needed a costly rescue, in one of the few investigations to make it to trial after the country's devastating financial ... more - Spain's CAM Bank Rescue to Cost €15 Bln - Tue 14th Jan 2014
Spain's 2011 bailout of savings bank Caja de Ahorros del Mediterraneo (CAM) may cost as much as €15 bn because its assets performed worse than expected, Economy Minister Luis de Guindos said ... more - Spain Judge Orders Detention of Ex-CAM Bank Executives - Wed 6th Nov 2013
A Spanish judge ordered the detention of five former executives of Caja de Ahorros del Mediterraneo as he investigates alleged irregularities in the running of the failed savings bank ... more - Former BoE Boss Blames CAM Collapse on Managers - Mon 10th Jun 2013
The Former Bank of Spain Governor, Miguel Angel Fernandez Ordonez, has blamed the collapse of Caja de Ahorros del Mediterraneo on its managers ... more - Supreme Court Rejects Appeal by Former CAM Boss - Mon 3rd Jun 2013
The Supreme court of Spain has rejected an appeal by former CAM boss María Dolores Amorós on the grounds her application was inadmissible ... more - Finca Parcs Action Group v CAM Bank : Case Closed - Wed 15th May 2013
The legal case brought by the Finca Parcs Action Group & Bank Guarantees in Spain Action Group against Caja de Ahorros del Mediterraneo (CAM Bank) and Developers Cleyton GES SL has finally been closed. ... more - Lloyds agrees to sell Spanish branches to Sabadell - Mon 29th Apr 2013
British bank Lloyds on Monday said it had agreed to sell its Spanish retail banking business to Banco Sabadell in exchange for a 1.8% stake in the Spanish bank ... more - €400 Mln loan for Spain's small businesses - Fri 11th Jan 2013
Yesterday afternoon the European Investment Bank (EIB) - the European Union's nonprofit long-term lending institution - signed an agreement with Spain's Unicaja Banco to assist in financin the capital requirements for the ... more - Spain's banks in focus ahead of Bankia rescue plan - Wed 23rd May 2012
Spain may say on Wednesday how it will plug a hole of at least €8 billion at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis ... more - Spain to outline Bankia plan, may announce bailout size - Tue 22th May 2012
The Spanish government is set to outline on Wednesday its plan to restructure the recently nationalised Bankia and announce how much additional money it will pump into the ailing lender, government sources told Reuters ... more - Spain to kick off banking sector audit - Fri 18th May 2012
Spain, under pressure from the EU to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the financial sector and determine how big a state bailout is needed ... more - Bank of Spain prepares Bankia plan - Mon 7th May 2012
The Spanish government and the Bank of Spain are preparing a clean-up plan for lender Bankia , a government source said on Monday, while declining to confirm a report that the move would include a state-backed loan ... more - Bankia sees sharp rise in housebuilder arrears - Sat 5th May 2012
Banco Financiero y de Ahorros (BFA), the parent company of Spanish lender Bankia, increased property repossesssions last year and saw a near 37% rise in loans to housebuilders falling into arrears, its annual report showed ... more - Valencia, a cruel reflection of Spain's economic woes - Wed 2th May 2012
Once the beacon of Spain's new economic grandeur, the Mediterranean region of Valencia has become a symbol of all that is wrong with the country ... more - Spain's Central Bank consults experts on toxic assets - Tue 1st May 2012
Spain's Central Bank is consulting with international bankers and property experts on setting up a holding company to value and sell off toxic real estate assets from the country's troubled financial sector, two sources said ... more - S&P downgrade Confederation of Spanish Banks - Fri 30th Mar 2012
Standard & Poor's Credit Ratings Agency downgraded Spain's Confederacion Espanola de Cajas de Ahorros (CECA) from A- to BBB, citing 'a more challenging operating environment for banks in Spain', as the reason behind the move ... more - CAM Bank refuse to pay interest on notes & shares - Mon 26th Mar 2012
Spain's Caja Ahorros Mediterraneo - Commonly known as CAM Bank - nationalised last year after a forced Bank of Spain takeover, and recently sold off the Banco de Sabadell for the sum of 1 Euro, has hit the headlines once ... more - CAM Bank sells 5 pct of Germany's TUI - Wed 22th Feb 2012
Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) announced earlier today that it had sold their 5 percent stake in German tour operator TUI at 6.05 euros per share in a deal in which French bank BNP Paribas acted ... more - Bankia Reports New Rules Call for €5.1 Billion Provisions - Sat 11th Feb 2012
Spain's Bankia group said a government-ordered clean-up of its real estate holdings would require €5.1 billion in provisions and extra capital, and that it can meet the demands alone ... more - Finca Parks action group case in court May - Wed 1st Feb 2012
A trial has been scheduled between 21st to 24th of May against property developer Cleyton GES SL and Caja de Ahorros del Mediterráneo on behalf of the Finca Parks action group ... more - Spain's Sabadell completes share swap - Tue 3rd Jan 2012
Sabadell was the only bidder for CAM, which ran up huge losses through indiscriminate lending during a housing boom. The purchase will make Sabadell Spain's fifth-largest bank in terms of assets. Spain's Banco de Sabadell ... more - BoS agrees CAM sale - Thu 8th Dec 2011
The Bank of Spain has agreed to sell the recently nationalised CAM Bank to Banco de Sabadell, in a deal that has been greatly subsidised by the State, and will move Sabadell up to the country's fifth-largest lender ... more - Bank of Spain considers sale of CAM to Sabadell - Thu 1st Dec 2011
Spain´s Fund For Orderly Bank restructuring (Known as`FROB´), together with the country´s central bank, will review the proposed sale of the troubled CAM Bank to Banco de Sabadell ... more - Spain's big lenders shun CAM auction - Fri 25th Nov 2011
Spain's largest banking groups have decided not to make firm bids for insolvent Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) creating further difficulties for the Bank of Spain which is trying to auction it, ... more - More bank bail-outs loom for new Spanish government - Fri 25th Nov 2011
A crippling squeeze on funding for Spain's banks has pushed them to the brink and the new centre-right government has nowhere to turn to finance more expensive bail-outs or the creation of a bad bank ... more - Bank of Spain takes over Banco de Valencia - Tue 22th Nov 2011
The Bank of Spain said on Monday it had taken over Banco de Valencia, making it the latest casualty of the collapse in Spain's property boom and the first retail bank to seek a bailout ... more - Poison lingers from Spain's property binge - Sat 12th Nov 2011
Valencia's dazzling City of Arts and Sciences, with its glazed domes, turquoise pools and cloistered pathways, was built by the regional government during Spain's boom years of easy money and uncontrolled building ... more - CAM Bank Sale Delayed - Thu 20th Oct 2011
The Bank of Spain's sale of the CAM Bank has been put on hold until after the general elections on November 20th ... more - Barclays to acquire CAM - Sun 16th Oct 2011
Barclays PLC in the UK is looking at acquiring a number of Spanish cajas, in a move to strengthen its position in the country's banking industry ... more - FROB to issue 2 Year bonds - Thu 13th Oct 2011
Spain's fund for the orderly restructuring of Banks (FROB) is outting it'sfirst bond issue on sale after agreeing to inject 7.6 billion euros into troubled regional lendaer Caja de Ahorros del Mediterraneo, also known as CAM ... more - Latest Reform of Spanish Banking Sector Complete - Sat 1st Oct 2011
The Governor of the Bank of Spain yesterday confirmed how the institution has now completed their latest round of reforms of the the Banking Industry, which have cost the country 14 Billion Euros to date ... more - CAM Director Dismissed - Wed 28th Sep 2011
The Bank of Spain has released the General Director of the partially Nationalised CAM Banks, Maria Dolores Amoros ... more - Bank of Spain further Incentivises sale of CAM - Tue 27th Sep 2011
The Bank of Spain looks set to assume control of a further three Cajas over the next few days and is likely to receive interim offers for Alicante's CAM Bank (Caja de Ahorros del Mediterráneo), who it rescued in June of this ... more - CAM bank auction to struggle to attract bids - Sat 24th Sep 2011
The Bank of Spain will have a hard time attracting bidders for troubled savings bank Caja de Ahorros del Mediterraneo (CAM) with listed banks too concerned about their own capital needs to take on CAM's bad loans and debt ... more - Half of CAM Bank Loans in default - Thu 22th Sep 2011
The CAM Bank, who were nationalised after being taken over by the Bank of Spain earlier this year, have reported how over half of the loans that it has made to property developers are now in default ... more - Spanish Bad Loans Reach 16 Year High - Mon 19th Sep 2011
As a percentage, the country's bad loans now represent 6.94% of all lending, which is the highest level seen since February 1995. Earlier this year Alicante's CAM Bank (Caja de Ahorros del Medi ... more - Bank of Spain Incentivises Sale of CAM - Mon 19th Sep 2011
Spanish daily, El Mundo, has reported today how the Bank of Spain is offering incentives to potential buyers of the troubled CAM savings bank ... more - Investors wary of Spain savings banks as clock ticks - Sat 10th Sep 2011
A handful of Spanish savings banks that still have to recapitalise to meet strict new rules are running out of options to raise money from private investors and will likely end up being taken over by the state. ... more - CAM Bank post losses of 1 Bln Euros - Mon 5th Sep 2011
Alicante-based Caja de Ahorros del Mediterráneo (CAM), which was nationalised in July of this year, posted losses of 1.136 billion euros for the first six months of 2011 ... more - CAM Bank review of debts underway - Mon 1st Aug 2011
On Wednesday last week the central bank stepped in to cover CAM's €2.8 billion capital requirement, also extending a credit line of a further €3 billion in order to make the Ba ... more - Bank of Spain takes CAM on board - Mon 25th Jul 2011
The Bank of Spain has announced their decision to take over Caja de Ahorros del Mediterraneo as a part of their plans to reform the country's banking sector, and in particular the cajas ... more - Police called to keep protest group from preventing eviction - Thu 21st Jul 2011
For the first time since the M15 'Los Indignados' group changed focus from street protests to preventing the eviction of residents from repossessed homes, the Madrid police were called yesterday to aid the court process ... more - JC Flowers linked to CAM Aquisition - Tue 28th Jun 2011
JC Flowers & Co. LLC, a New York based private equity company, is believed to be in talks with Spanish savings bank Caja de Ahorros del Mediterraneo, a Caja popularly known as 'CAM', to buy a stake for between 400 million ... more - Action group responds to Spanish Government's UK property roadshow - Tue 3rd May 2011
José Blanco the Spanish Development Minister has announced that the Spanish Government Official Property ‘Road Show' will commence in London on 4 May 2011 ... more - BBVA and Santander persuaded to aquire CAM Bank - Thu 7th Apr 2011
Regulators of the Spanish banking sector are trying to persuade Banco Santander SA, amongst others, into taking part in the cleanup of the country's finances by bidding for the troubled CAM bank, who was excluded from a ... more - Spain's Bankia to create bad bank ahead of listing - Wed 6th Apr 2011
Newly formed Bankia, Spain's biggest savings bank, said late on Tuesday it would create a bad bank for doubtful assets such as repossessed land ahead of a stock market listing expected later this year ... more - Spain's Bankia says to list assets of 275 bln euros - Wed 6th Apr 2011
Banco Financiero y de Ahorros (BFA), a newly merged group of unlisted banks headed by Caja Madrid, said on Tuesday it would list on the stock exchange a banking and finance business with assets of 275 billion euros and a net ... more - Spain's Banco Base members may vote to split - Wed 30th Mar 2011
The four savings banks to make up Banco Base, Spain's third largest savings bank, may vote to split the group on Wednesday over disagreements surrounding the merger details, newspaper Vanguardia reported ... more - Spain's BFA bank says to keep Banco Valencia stake - Tue 22th Feb 2011
Spain's Banco Financiero y de Ahorros (BFA), the new merged group of savings banks led by Caja Madrid and Bancaja, said on Tuesday it plans to keep its stake and voting rights in Banco de Valencia ... more - Latest Spanish Bank -Banco Financiero y de Ahorros - reveals its hand - Mon 31st Jan 2011
Caja Madrid intends to list its newly created bank - the third biggest in Spain - on the stock market in order to meet new government capital requirements, echoing a move by rival, La Caixa, last week ... more - Bank of Spain orders merger of CAM Bank to press on - Sat 17th Jul 2010
The Bank of Spain has instructed Spanish savings bank Caja de Ahorros del Mediterraneo to resolve its differences with competitor, Cajastur and finalise a merger between the two, news agency Efe reported late Friday. ... more - EU stress tests published July 23rd - Tue 13th Jul 2010
Spain had more financial institutions requiring 'stress tests' than any other in the EU with a total of 27, followed by Germany with 14, and Greece, with six. The tests also include five Italian institutions, four French, ... more - Merger Creates Spain's 9th Largest Bank - Tue 1st Dec 2009
Two Spanish savings banks, Caixa Penedes and Caixa Laietana, have released a joint statement that they have plans to merge, which will create Spain's ninth-largest savings bank by assets. The merger will create a savings ... more