catalan

CatalunyaCaixa would need at least 1,500 million euros to reach the 10% of ‘core capital’

March 2, 2011 11:33 PM | CNA / Josep Ramon Torné

CatalunyaCaixa won 109.1 million euros in 2010, 1.1% less than in 2009. The second Catalan savings bank is the result from the merger of Caixa Catalunya, Caixa Tarragona and Caixa Manresa. The resulting savings bank currently has 6.9% of core capital, far from the needed 10% by next September. The savings bank already announced its plans to become a regular bank.

In the end, the Catalan Government’s deficit for 2010 is 3.86%

March 1, 2011 11:59 PM | CNA / María Jose Fidalgo / Gaspar Pericay Coll

Spain saw 2010 end with 9.24% of public deficit; 4.97% corresponds to the Spanish Government, 3.39% to the autonomous communities and 0.64% to the local administrations. According to the Spanish Government, half of the autonomous communities saw the year come to an end far away from the objective of 2.4% - Catalonia included. The Catalan Government emphasised that the Spanish Government cut down the revenues of the autonomous communities.

The Catalan Finance Minister affirms that the savings bank reform will not affect their social work

February 21, 2011 10:41 PM | CNA / María Belmez

Andreu Mas-Colell, the Catalan Minister for Economy, reflected on the issue at a ceremony, where savings bank La Caixa and Catalan universities were giving away up to new 20 grants for research projects. The objective is to prevent a possible brain drain in Catalonia. Mas-Colell said that once the sector reforms were accomplished, the financial entities would get more freedom.