Caixa De Pontevedra
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Caixa De Pontevedra
The Provincial Savings Bank of Pontevedra (Caixa de Aforros Provincial de Pontevedra or Caixa Pontevedra) was a Spanish financial institution based in the city of Pontevedra (Spain) dependent on the Provincial Council of Pontevedra (''provincial deputation''), existing between 1930 and 2000. History It was founded in Pontevedra on 12 January 1930 and started its activity on 20 January 1930. Its first president was Daniel de la Sota and its first director Alexandre Bóveda. After Daniel de la Sota's dismissal as president of the provincial deputation, the military man Manuel Casas Medrano took over and Alexandre Bóveda resigned. In the years of the Second Spanish Republic, the company began to expand in the north of the province of Pontevedra, with branches in various towns. At the beginning of 1938, a purge of personnel was carried out, in accordance with the provisions of the National Defence Council. Between 1940 and 1960, the savings banks underwent a period of expansio ...
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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 providing access to Wealth, savings products to all levels in the population. Often associated with social good, these early banks were often designed to encourage low-income people to Saving, save money and have access to banking services. They were set up by governments or by socially committed groups or organisations such as with credit unions. The structure and legislation took many different forms in different countries over the 20th century. Savings banks and Savings and loan association, savings-and-loans are often confused. The original function of savings banks to service consumers was limited to savings. Savings banks invested in Government debt, government and Corporate bond, corporate debt. Savings and loan associations had a dual p ...
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