Showing posts with label UNICAJA. Show all posts
Showing posts with label UNICAJA. Show all posts

Friday, 7 November 2014

Unicaja becomes a bank and will head a banking 'league'

MÁLAGA -- At an Extraordinary General Meeting, shareholders ratified the transformation: Unicaja became a Banking Foundation on October 30, with assets of €2,500 million, thus putting an end to 130 years of activity as a building society (USA: savings & loan). As soon as it is registered with the Stock Exchange authorities and the paperwork is completed, and the recent acquisition of Banco Ceiss is properly consolidated, it will be split in two and be offered on the Madrid Stock Exchange (La Bolsa): one part is the Fundación Bancaria, which in turn will own 90.8% of Unicaja Banco, which will control the daily banking business as well as its 'social' arm. When all this is done, the bank will become one of largest banks in Spain. The banking business in Spain will consist of two 'leagues',