"la Caixa" Creates Listed Company to Run Banking Operations
By La Caxia Group, PRNEThursday, January 27, 2011
LONDON, January 28, 2011 - In an asset swap, "la Caxia" Group will transfer its banking business to
Criteria CaixaCorp , which will, in turn, become CaxiaBank.
The new bank will have an increased core capital ratio of above 10%, the
highest among Spain's largest banking groups.
"la Caixa" CEO Juan Maria Nin told financial news broadcaster
www.cantos.com that the change represents a "natural step forward" as
part of Criteria's goal of increasing its assets in the financial sector and
"doing so with high quality assets that include no real estate assets."
He adds that CaxiaBank will be able to better adapt in a financial system
where margins and solvency are under increasing pressure.
The interview and transcript are available now on www.cantos.com.
Cantos.com, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives. If you
would like to contact us, please email prnsupport@cantos.com or phone
+44-207-936-1352.
Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport at cantos.com or phone +44-207-936-1352.
Tags: January 28, La Caxia Group, London, United Kingdom