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CaixaBank buys Bankpime’s banking and fund management business

CNA

Barcelona-based CaixaBank, the private bank of ‘La Caixa’, will pay 16 million euros for the purchase of both businesses. Bankpime is a bank for small and medium-sized companies. CaixaBank will control a total volume of 1,200 million euros. CaixaBank will buy Bankpime’s credit investment portfolio -which is worth 363 million euros-, the fund management business –with some 400 million euros traded, the 19 branches of the bank, and client deposits worth some 436 million euros.

September 30, 2011 10:28 PM

Russian millionaires find an opportunity within crisis buying real estate on Catalonia’s Costa Daurada

CNA / Marc C. Griso

In the current times of crisis within the real state market, money from Russian tourists is particularly noticeable. Rich Russian citizens come to Tarragona’s Costa Daurada to buy houses close to the seashore. Their search is on for "exclusive homes'' with attached land to use them as summer houses or as a base to permanently relocate to. When not using the house, they may rent them.

August 30, 2011 10:44 PM

Read the latest updates and breaking news on business and economic matters from Barcelona and Catalonia here. Keep up to date with how the Catalan economy is performing, inflation levels, employment and unemployment, major business mergers, important company announcements, and the latest on Catalonia’s biggest enterprises such as Vueling, Wallbox, Grifols, Mango, and plenty of start-ups and international firms based here too.