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Santander best global bank and CaixaBank best bank in Spain

Published on July 9, 2012

 
Read Santander best global bank and CaixaBank best bank in Spain

Last Thursday night, Euromoney held the Awards for Excellence. Santander was named best global bank in 2012 and CaixaBank was awarded best bank in Spain.

This award is not new for Santander. This is the third time that the financial magazine awards this bank during the last seven years. In addition to this title, Santander was also named Best Bank in five of its main markets: Argentina, Mexico, United Kingdom (Santander UK), Poland (Bank Zachodni WBK) and Portugal.

The British magazine highlighted Santander’s profits and solid balance during the financial turbulence that Spain and Europe are going through. Emilio Botín, Santander’s chairman, stressed the solvency and the “great geographic diversification” the bank has and stated that “solid capital ...

Spanish banks present takeover bids on Unnim

Published on Feb. 22, 2012

 
Read Spanish banks present takeover bids on Unnim

Santander, BBVA, Popular e Ibercaja presented this Tuesday to the Banco de España their binding takeover bids over Unnim while Bankia and JC Flowers rejected bidding.

The banks interested in the acquisition of Unnim are evaluating the Protection Assets Scheme to cushion losses, which would be fueled by the resources of the Bank Deposit Guarantee Fund, that would benefit the potential buyer of the entity.

The most appealing entities to take over Unnim appear to be Banco Popular, which wants to increase their size and get ahead Banco Sabadell, and BBVA, which wants to gain presence in Cataluña. On the other hand, Ibercaja, even if they have been showing their interest in Unnim since a while ago, seems to have ...

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