20 Oct, 2011 @ 11:00
1 min read

Tu caja es mi caja

BARCLAYS bank wants to buy some of Spain’s troubled regional savings banks.

In a bid to boost its position on Spain’s high street, Barclays is eyeing up four of the country’s cajas – including Novacaixagalicia which was recently taken into the control of the Bank of Spain.

It comes just months after it was revealed Barclays was one of eight banks to have made a first-round bid for the Caja de Ahorros del Mediterraneo (CAM), which has 71 billion euros in assets.

If Barclays is successful, it would take its market share in Spain from less than two per cent to approximately 4.5 per cent.

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