Bancaja
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Bancaja office  

Bancaja

Bancaja (Caja de Ahorros de Valencia, Castellón y Alicante) was a nonprofit financial institution resulting from the merger of five Valencian savings banks and the subsequent incorporation of Sindibank. Bancaja was the largest financial institution in the Autonomous Community of Valencia and the third largest savings bank in Spain. It served more than 3 million customers through a network of over 1,130 branches (12/2010). The origins of the Bancaja Group date back to 1878, when the "Royal Economic Society of Friends of the Country of Valencia" founded the parent company, Caja de Ahorros de Valencia. On 14 September 2010, the General Assemblies of Caja Madrid, Bancaja, Caja Insular de Canarias, Caja de Ávila, Caixa Laietana, Caja Segovia and Caja Rioja approved an Institutional Protection Scheme (IPS) integration to create a leading national Financial Group - Banco Financiero y de Ahorros (BFA). Currently, Bancaja operates as a subsidiary of Bankia S.A., a subsidiary of BFA Group.

 Financials (EUR m)

  2010 2009
Total assets 87,852 89,605
Gross customer credit 67,720 68,782
Managed funds 74,560 76,441
Turnover 142,280 145,222
Profits after tax 102.388 155.101

 Credit Ratings

  Long Term Short Term Outlook Update
Fitch BBB F3 Stable June 2010
Moody's Baa1 P-2 RuR down March 2011

Head office address:
Pintor Sorolla, 8
46002 Valencia, Spain
Phone: 3496-387.55.00
SWIFT: CVALESVV
Websites: www.bancaja.es, www.bankia.es, www.bankia.com

America head office:
1395 Brickell Ave # 950
Miami, FL 33131 USA
Phone: +1 305.358.2255
Fax: +1 305.358.2278
SWIFT: CVALUS3M

Bancaja International branches

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