Banca Civica: Difference between revisions
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'''Banca Cívica, S.A.''' (not to be confused with [[ethical banking]]) was a [[Spain|Spanish]] "Institutional Protection System" ([[Spanish language|Spanish]]: ''Sistema Institucional de Protección'', or SIP) that comprised the [[Savings bank (Spain)|savings bank]]s of [[Caja Navarra]], [[Caja General de Ahorros de Canarias|Caja Canarias]], [[Caja de Burgos]] and [[Cajasol]]. It became part of [[CaixaBank]] on 3 August 2012, at which time shares for the company ceased to be quoted. |
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'''Banca Cívica''' became part of [[CaixaBank]] on 3rd August 2012, after entering the merger deed in the Companies Register. Shares in '''Banca Cívica''' ceased to be quoted on 3rd August. |
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==History== |
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'''Banca Cívica, S.A.''' (not to be confused with [http://es.wikipedia.org/wiki/Banca_%C3%A9tica Ethical banking]) was an [http://es.wikipedia.org/wiki/Sistema_Institucional_de_Protecci%C3%B3n Institutional Protection System] that comprised [http://en.wikipedia.org/wiki/Caja_Navarra Caja Navarra], [http://en.wikipedia.org/wiki/Caja_General_de_Ahorros_de_Canarias CajaCanarias], [http://es.wikipedia.org/wiki/Caja_de_Burgos Caja de Burgos] and [http://es.wikipedia.org/wiki/Cajasol Cajasol]. |
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| ⚫ | This institution, the founding entities of which were Caja de Burgos, CajaCanarias and Caja Navarra, was incorporated as a [ |
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The institution hopes to win exclusive clients from the Bank from 1/1/2011. |
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On 26 June 2012, the Extraordinary General Shareholders’ Meeting approved the institution’s incorporation in CaixaBank. The operation established the leading institution on the Spanish market, with over 13 million clients and assets of 342,000 million euros. Incorporation neither required public guarantees nor represented any cost at all to the rest of the finance sector. |
On 26 June 2012, the Extraordinary General Shareholders’ Meeting approved the institution’s incorporation in CaixaBank. The operation established the leading institution on the Spanish market, with over 13 million clients and assets of 342,000 million euros. Incorporation neither required public guarantees nor represented any cost at all to the rest of the finance sector. |
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==Stock Market== |
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Banca Civica raised 600 million Euros in its IPO in July 2011. |
Banca Civica raised 600 million Euros in its IPO in July 2011. |
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Revision as of 20:16, 5 September 2012
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| Industry | Financial services |
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| Headquarters | Spain |
| Website | http://www.bancacivica.es/ |
Banca Cívica, S.A. (not to be confused with ethical banking) was a Spanish "Institutional Protection System" (Spanish: Sistema Institucional de Protección, or SIP) that comprised the savings banks of Caja Navarra, Caja Canarias, Caja de Burgos and Cajasol. It became part of CaixaBank on 3 August 2012, at which time shares for the company ceased to be quoted.
History
This institution, the founding entities of which were Caja de Burgos, CajaCanarias and Caja Navarra, was incorporated as a bank by means of notarial instrument issued on 9 June 2010. It began operating on 18 June 2010 and was the first SIP to operate in Spain.
The institution announced its merger with CaixaBank on 23 March 2012.
On 26 June 2012, the Extraordinary General Shareholders’ Meeting approved the institution’s incorporation in CaixaBank. The operation established the leading institution on the Spanish market, with over 13 million clients and assets of 342,000 million euros. Incorporation neither required public guarantees nor represented any cost at all to the rest of the finance sector.
Stock Market
Banca Civica raised 600 million Euros in its IPO in July 2011.