The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Not just any other priest


European bankers have enlisted help from many quarters in the struggle against government regulation. But few can boast of a line-up put together by Miguel Castillejo, the president of Cajasur, in the south of Spain.

Priest: In the name of the father, the son and
continued church control of the local bank

Castillejo has been embroiled in a long struggle for control of the bank with the regional government, the Junta de Andalucia. Last month Castillejo finally prevailed, with a little bit of help from God and the trade minister.

Cajasur is an unusual financial institution. Founded by the church and part-owned by the regional government, it is also one of few banks in the world to be run by a priest: Castillejo himself. In commercial terms, Castillejo has certainly done a good job. "As in the miracle of the loaves and the fishes," one in-house eulogy told him, "you have had the wisdom to take a small savings bank from Cordoba and transform it into the second largest in Andalucia and one of the most important in Spain."

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree