List of savings banks in Spain
The list of savings banks in Spain names the existing savings banks ( Spanish Caja de ahorros ) in Spain . As of December 31, 2009, there were 45 savings banks that are affiliated to the Spanish Association of Savings Banks ( Confederación Española de Cajas de Ahorros ).
In 2010 the number of savings banks is to be reduced to 36 through mergers.
Existing savings banks
Spanish savings bank crisis 2010
In the course of the financial crisis from 2007 and the bursting of the Spanish real estate bubble , numerous smaller and larger Spanish savings banks ran into difficulties. A package of measures consisting of state support, forced mergers (e.g. Bankia ) and changes to the Savings Banks Act should now protect them from collapse. On May 9, 2012, Bankia, the largest savings bank in Spain, was completely nationalized .