Posts Tagged ‘Spanish banks’

Spanish Property Prices Continue to Rise

Spanish Property Prices Continue to Rise

Spain’s property market is continuing the recovery started mid-2014, as the uptick in prices consolidates and foreign buyers return to the scene. Resales seem to be the flavour of the month, according to data from the Property Registrar’s Association for the first quarter of 2015. Prices rose 2.65 percent in January-March from a year earlier, with residential home sales increasing 9.05 percent to 90,534 transactions.

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AXA Completes Buy of Santander Assets

AXA Completes Buy of Santander Assets

Axa Real Estate has given a vote of confidence to Spain’s recovering property market with the acquisition of 381 branch offices from the country’s biggest bank Santander. Axa Real Estate, the largest real estate portfolio and asset manager in Europe, brokered the 308 million euros deal on behalf of a joint venture involving two of its institutional clients. Most of the offices are located in major cities like Madrid, Barcelona and Malaga, but there are also some in prime locations in smaller towns across Spain.

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Banca March Strengthens Growth Prospects

Banca March Strengthens Growth Prospects

Spanish private bank Banca March continues to outperform its competitors thanks to its strict risk control policy, exclusive products and value creation for clients. The unlisted lender emerged as the most solvent bank in Europe in two stress tests carried out by the European Banking Authority in 2011 and 2012. And this solvency, coupled with its excellent reputation, has allowed it to grow organically over the past few years while its peers have been on the acquisition trail.

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Spain Still Attracts Foreign Investors

Spain Still Attracts Foreign Investors

Spain’s recovering economy and the increasing competitiveness of its industries are driving a fresh inflow of foreign investment. In 2014, Spain came 9th in the rankings of countries which attracted the largest amount of global investment. No mean feat for a country which only two years previously was teetering close to the brink of a bailout as its risk premium hit historic highs amid doubts over its ability to balance its books.

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Banca March Named Best Spanish Private Bank

Banca March Named Best Spanish Private Bank

For the second year in a row, Banca March has been voted Best Private Bank in Spain by the British publication Global Banking and Finance Review. An undoubted feather in the cap for the Spanish lender, particularly given some of the criteria evaluated by the jury: solvency, bad debts, provisioning levels and the health of the bank’s loan portfolio.

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Spanish Housing Market Sees Yearly Rise

Spanish Housing Market Sees Yearly Rise

For the first time in four years, the sale and purchase of houses in Spain rose in 2014, reflecting the improved outlook for the real estate sector and for the economy as a whole. The number of operations increased by 2.2 percent to 318,389 last year, with second-hand property transactions the main driver behind the recovery. So is the country’s property sector downturn finally a thing of the past?

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Banco Sabadell Buys British Bank TSB

Banco Sabadell Buys British Bank TSB

Spain’s banking sector is now in recovery mode after undergoing an in-depth restructuring to streamline the number of lenders, clean up their balance sheets and boost their capital base. And what better proof of the sector’s strength than Catalonia-based Banco Sabadell’s recent takeover of Britain’s Trustee Savings Bank (TSB).

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Spain M&A Sector Continues Growing

Spain M&A Sector Continues Growing

Companies across the globe are expected to show increased appetite for M&A in 2015, continuing the positive trend registered last year, consultancy firm KPMG said in its February M&A Predictor report. As the impact of the financial crisis has eased over the last two years or so, firms have been able to pay down debt and start building up cash to fund fresh acquisitions. Easier access to credit has also been a factor influencing the rise in deals in 2014.

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S&P Upbeat on Spanish Banks

S&P Upbeat on Spanish Banks

Spanish banks are on course to consolidate in 2015 the improvement in earnings seen last year, according to Standard and Poor (S&P). As the country continues its economic recovery, lenders’ bad debts will decline and profitability will improve, the ratings agency said in a report published in February. S&P expects the banks to post recurrent prextax profit of about 14 billion euros in 2015, up 25-30 percent from a year earlier.

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Spain M&A Boosted by Growing Optimism

Spain M&A Boosted by Growing Optimism

Spain has been a hub of M&A activity over the last 12 months and the outlook for 2015 is rosy as the economy continues to improve. Renewed foreign investor interest in Spanish assets, combined with local companies’ expansion ambitions at home, have helped fuel an increase in acquisitions across a range of sectors.

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