Novacaixagalicia

Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra (trading as Novacaixagalicia) was the name of a short-lived Spanish savings bank based in Galicia. It was created following the forced merger of the two major savings banks in the region, Caixa Galicia and Caixanova. This new caixa for Galicia became the fourth-largest in Spain with consolidated assets valued at €78.1 billion,[1] and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks.[2]

Caixa de Aforros de Galicia, Pontevedra, Ourense e Vigo
Novacaixagalicia
TypeSavings bank
IndustryFinancial services
Predecessor
FoundedA Coruña, Spain (December 1, 2010 (2010-12-01))
DefunctAugust 15, 2011 (2011-08-15)
FateNationalized
Successor
Headquarters
A Coruña
,
Spain
Key people
  • Julio Fernández Gayoso, Co-chairman
  • José Luis Méndez, Co-chairman
ServicesRetail banking
Websitewww.afundacion.org

Due to financial irregularities in the finances of the company, in little under a year this new savings bank would go on to be "bankised" as NCG Banco.

As a side note, it was the first financial institution to be registered in the Galician language.[3]

References
  1. "Ranking de cajas de ahorro por activos". Mejoresbancos.es. Retrieved 15 October 2017.
  2. "Novacaixagalicia". Mejoresbancos.es. Retrieved 15 October 2017.


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