Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra (trading as Novacaixagalicia) was the name of a short-lived Spanish
savings bank
A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits.
History of banking, They originated in Europe during the 18th century with the aim of providi ...
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, and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks.
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
ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of Leó ...
.
As a side note, it was the first financial institution to be registered in the
Galician language.
References
External links
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Banks disestablished in 2011
Banks established in 2010
Defunct banks of Spain
Companies based in Galicia (Spain)
Spanish companies established in 2010
{{Galicia-stub