The Bank of Spain took control of savings bank Cajasur, selecting him from the reserve fund of 550 million euros. These measures were taken after the end of last week, fell through a merger with Cajasur savings bank Unicaja. Cajasur, like many of the 45 savings banks operating in Spain, invested heavily in the real estate sector, supporting the construction boom as long as the market did not fall into the collapse due to the economic crisis. Goldman Sachs Commercial Bank experts report that due to the market collapse, lenders have been unable to recover from its debts of borrowers, which are now reaching 445 billion euros. Based on materials from the site news.bbc.co.uk
The bank Cajasur has received financial support from the Bank of Spain
26.05.2010
Homesoverseas.ru editorial office
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