Spain’s saving banks seek new funding strategies
Principal portfolio holdings of the cajas
Caja Navarra sells on civic banking
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"Given how much Spanish bank stocks have fallen so far this year, our analysts believe that it may actually be a good time to buy Spanish banks"
Manuel San Salvador, Banco Urquijo |
This excess supply has led to a dramatic fall in the number of new houses being built, hitting property developers and construction companies with lower growth and unsold inventories. Employment in the construction sector has also been hit, despite having created 768,000 jobs in Spain since 2000.
These forces are expected to contribute towards a significant...
