MURCIA .- Caja Mediterráneo trial is looking for a solution to the problems with its partners in the Bank Base, mainly Cajastur or establish a new partnership before Monday, the newspaper 'La Opinion '.
That day is when the deadline that the savings are grouped into Integrated Systems Protection (SIP ) to submit its recapitalization plan to the Bank of Spain and specify the amount of money they will ask the Bank Restructuring Fund (FROB ), a public body created to save the English financial sector. And it
Cajastur aims to reduce from 40% to 27% involvement expected of CAM in Bank Base , claiming depreciation assets of the entity with presence in Murcia and Alicante due to rising delinquencies (that is 8.7%), lower than 30% of its reserves and its excessive reliance on real estate. It also seeks to discount Caja Mediterráneo 300 million in the entity issued voting shares when it went Stock.
Moreover, CAM is determined to bring to next Wednesday's meeting the conditions of the contract Cajastur SIP, Caja Cantabria and Extremadura box, ignoring the demands that the partner seeks to impose for Asturian consummate the alliance. This is the impression of directors Murcia yesterday attended the Pre-Assembly held in Murcia, under the chairmanship of deputy director of the entity Llorca Augustine.
The CAM executive informed the representatives of the Region with voting in the General Assembly that the box has a merger agreement with other partners to be met, since otherwise you may be penalized. The purpose of the assembly is the transfer of power to the bank created by the SIP called Base Bank.
addition, CAM maintains that the accounts are audited entity and are known to Bank of Spain therefore considered out of the box Asturian bring up on the eve of the merger differ from figures that have been driving in the last year.
Other differences that may cause rupture of the SIP Cajastur is in favor of going to the Fund Bank Restructuring (FROB) to get the 1,447 million euros that the group needs to meet new government capital requirements, while managers of Caja Mediterráneo think it would be better to be trading. At the last meeting of the board of directors of Bank Base imposed the thesis of the Asturias.
Both the Bank of Spain as English Confederation of Savings Banks s (ECSC) are mediating to avoid failure of the merger of Bank Base and the entity can be ready on Monday recapitalization plan for submission to agency president Miguel Angel Fernandez Ordonez , like all entities that do not meet the new capital requirements.
Thus, the daily El Pais quoted sources from the Bank of Spain to ensure that Caja Mediterráneo could be offered to the SIP that are La Caixa and Caixa Girona if it leaves the Bank Base.
This SIP is owned by CAM Cajastur and 40%, respectively, and by Caja Extremadura (11%) and Caja Cantabria (9%), and was created with the objective of enable these entities to become efficient and reliable group.
Cajastur aims to reduce from 40% to 27% involvement expected of CAM in Bank Base , claiming depreciation assets of the entity with presence in Murcia and Alicante due to rising delinquencies (that is 8.7%), lower than 30% of its reserves and its excessive reliance on real estate. It also seeks to discount Caja Mediterráneo 300 million in the entity issued voting shares when it went Stock.
Moreover, CAM is determined to bring to next Wednesday's meeting the conditions of the contract Cajastur SIP, Caja Cantabria and Extremadura box, ignoring the demands that the partner seeks to impose for Asturian consummate the alliance. This is the impression of directors Murcia yesterday attended the Pre-Assembly held in Murcia, under the chairmanship of deputy director of the entity Llorca Augustine.
The CAM executive informed the representatives of the Region with voting in the General Assembly that the box has a merger agreement with other partners to be met, since otherwise you may be penalized. The purpose of the assembly is the transfer of power to the bank created by the SIP called Base Bank.
addition, CAM maintains that the accounts are audited entity and are known to Bank of Spain therefore considered out of the box Asturian bring up on the eve of the merger differ from figures that have been driving in the last year.
Other differences that may cause rupture of the SIP Cajastur is in favor of going to the Fund Bank Restructuring (FROB) to get the 1,447 million euros that the group needs to meet new government capital requirements, while managers of Caja Mediterráneo think it would be better to be trading. At the last meeting of the board of directors of Bank Base imposed the thesis of the Asturias.
Both the Bank of Spain as English Confederation of Savings Banks s (ECSC) are mediating to avoid failure of the merger of Bank Base and the entity can be ready on Monday recapitalization plan for submission to agency president Miguel Angel Fernandez Ordonez , like all entities that do not meet the new capital requirements.
Thus, the daily El Pais quoted sources from the Bank of Spain to ensure that Caja Mediterráneo could be offered to the SIP that are La Caixa and Caixa Girona if it leaves the Bank Base.
This SIP is owned by CAM Cajastur and 40%, respectively, and by Caja Extremadura (11%) and Caja Cantabria (9%), and was created with the objective of enable these entities to become efficient and reliable group.
0 comments:
Post a Comment