Caja Madrid has decided to ramp up its presence in Indra. Over the last few weeks, the Madrid bank has been buying up small packages in the company and now owns 5% more than before. In its newest purchases, it has invested approximately 122 m€. The bank now owns 20 %of the technology company and [...]
In the midst of a liquidity crisis which is threatening to engulf small and medium-sized businesses, Caja Madrid is granting 2,250m € under preferential conditions to help pay wage bills, social security, rent and supplies. Additionally, it will offer credit for investments with a two year grace period.
Small business owners who are finding themselves choked [...]
The Spanish Government is finalizing new measures to alleviate the financial problems which small and medium-sized companies are currently facing. Ministers are analysing ways which would allow those businesses to use the Official Credit Institute in order to obtain the necessary liquidity to carry out their daily activities. The move was confirmed by the Minister [...]
The prediction yesterday by José Luis Rodríguez Zapatero, the Spanish prime minister, of mergers among the country’s weaker banks merely brought into the public domain a looming reality accepted months ago in private by Spanish bankers.
“When there’s a time of grave crisis like this, it’s likely that there will be merger situations and restructurings not [...]
1. We are better prepared than ever to tackle the problem.
2. Spain’s exposure to the financial shock is minimal thanks to the solvency of banking and savings institutions
3. The strength of the Spanish economy and the measures that we are going to continue taking will contribute to recovering economic growth ratios close to their full potential from 2010 [...]
The government wants to convey a message of assurance to Spanish savers to combat the “quasi recession” repeating the same messages over and over again to quell fears of a financial storm and keep it at a safe distance.
It is fair to say that public speaking is not one of the Spanish Finance Minister Pedro [...]
Investment firms admit to the Spanish Securities and Exchange Commission (CNMV) that they hold short positions worth more than 700 million.cnmv
MADRID: The market players are starting to put their cards on the table. Following the call from the Spanish Securities and Exchange Commission (CNMV) to investors to publicly inform of any short positions (a [...]
The savings bank pushes preparations ahead for the stock market flotation of its holding company in November, but does not rule out last-minute changes.
Despite the financial hurricane currently hammering down on stock markets all over the world, Caja Madrid continues to push ahead with its preparations for the public stock flotation of its financial holding [...]
Caja Madrid has launched a new deposit, called “Barrilete Cósmico” which offers 6.5% APR interest over twelve months, advanced interest payments and the opportunity for both current clients at the bank who deposit cash from other banks and new clients to sign up, according to statements issued by the savings bank today.
The deposit takes its [...]
Spain is currently experiencing a tremendous boom in its sporting, business and cultural activities, so why not make the most of the opportunities presented from a financial standpoint too? A case which comes to mind and which is in the news lately is Caja Madrid’s creation of its “Cibeles Caja Madrid Holding”. The ensuing company [...]
