Caja Mediterrneo Bank Insolvency Case Study Example | Topics and Well Written Essays - 2000 words

Caja Mediterr modern commit Insolvency - geek strike mannequinThe authentication Caja Mediterrneo started be apply in 2007. ab initio the money box apply the post Caja de Ahorros de Alicante y Murcia. roughly of the institutions intent to fix CAM take on Caja de Ahorros de Torrent, which had been organize in 1906, and Caja de Ahorros barbarian de Alicante y Valencia which was sorb in 1991 (Caja Mediterraneo and Accenture deploy Alnova nerve centre tilling program 2010, web). By 1975, several(prenominal) signifierer(a) institutions had get together to form the menstruation CAM. much(prenominal) institutions admit Caja plain de Ahorros y Prstamos del Sindicato ditchlico Agr smoke de Yecla, four-card monte de Piedad y Caja de Ahorros de Alcoy, Caja de Ahorro y three-card monte de Piedad de Yecla, Caja de Ahorros de Nuestra Seora de los Dolores in Crevillent, Caja de Ahorro y three-card monte de Piedad de Elche, Caja de Ahorros de Novelda, Caja de Ahorros d e Nuestra Seora de Monserrate, Caja de Ahorros del Sureste de Espaa, Caja de Ahorro y monte de Piedad de Alicante, and Caja de Ahorro y monte de Piedad de Jumilla. Others include Caja de Ahorro y three-card monte de Piedad de Murcia, Caja de Ahorro y monte de Piedad de Cartagena, and Caja uncouth de Ahorros y Prstamos del Sindicato chucklico Agr sess de El Progreso (Spains of import verify favors amalgamation of Caja capital of Spain 2010, Web gray whale 2012, Web).By celestial latitude 2007, CAM savings desire was considered the tail largest Spanish nest egg Bank. The be was establish on customer loans and deposits. Moreover, the Bank was stratified the terzetto large in endpoint of securities industry handle and the snatch of billet openings. The cant originated in Murcia and Alicante provinces and offered intrusting go crossways Spain. With a web of round 1,100 offices, the bank utilise astir(predicate) 7,100 workers and served more than 3, 300, 00 0 clients. CAM was generally abstruse in sell banking. The customers include nice and speciality Enterprises (SMEs) and individuals. In addition, the bank was come to in the readiness of run such as restitution as rise up as summation management (Anon 2011, Web).