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

Caja Mediterrneo Bank Insolvency - Case Study Example The trademark Caja Mediterrã ¡neo began being utilized in 2007. At first the bank utilized the trademark Caja de Ahorros de Alicante y Murcia. A portion of the foundations consumed to frame CAM incorporate Caja de Ahorros de Torrent, which had been shaped in 1906, and Caja de Ahorros Provincial de Alicante y Valencia which was invested in 1991 (‘Caja Mediterraneo and Accenture Deploy Alnova Core Banking Platform’ 2010, Web). By 1975, a few different foundations had joined to shape the present CAM. Such foundations included Caja Rural de Ahorros y Prã ©stamos del Sindicato Catã ³lico Agrã ­cola de Yecla, Monte de Piedad y Caja de Ahorros de Alcoy, Caja de Ahorro y Monte de Piedad de Yecla, Caja de Ahorros de Nuestra Seã ±ora de los Dolores in Crevillent, Caja de Ahorro y Monte de Piedad de Elche, Caja de Ahorros de Novelda, Caja de Ahorros de Nuestra Seã ±ora de Monserrate, Caja de Ahorros del Sureste de Espaã ±a, Caja de Ahorro y Monte de Piedad de Alicante, and C aja de Ahorro y Monte de Piedad de Jumilla. Others incorporate Caja de Ahorro y Monte de Piedad de Murcia, Caja de Ahorro y Monte de Piedad de Cartagena, and Caja Rural de Ahorros y Prã ©stamos del Sindicato Catã ³lico Agrã ­cola de El Progreso (‘Spain's national bank favors merger of Caja Madrid’ 2010, Web; manta 2012, Web). By December 2007, CAM Bank was viewed as the fourth biggest Spanish reserve funds Bank. The positioning depended on client advances and stores. Besides, the Bank was positioned the third bigger in term of piece of the pie and the quantity of office openings. The bank began in Murcia and Alicante areas and offered banking administrations across Spain. With a system of around 1,100 workplaces, the bank utilized around 7,100 specialists and served more than 3, 300, 000 customers. CAM was mostly engaged with retail banking. The clients included Small and Medium Enterprises (SMEs) and people. Likewise, the bank was engaged with the arrangement of administrations, for example, protection just as resource the board (Anon 2011, Web).