Novacaixagalicia

Caixa de Aforros de Galicia, Pontevedra, Ourense e Vigo
Trade name	Novacaixagalicia
Company type	Savings bank
Industry	Financial services
Predecessor	Caja de Ahorros de Galicia; Caja de Ahorros de Pontevedra, Vigo y Ourense;
Founded	A Coruña, Spain (December 1, 2010)
Defunct	August 15, 2011
Fate	Nationalized
Successor	NCG Banco, S.A.; Fundación Novacaixagalicia;
Headquarters	A Coruña, Spain
Key people	Julio Fernández Gayoso (Co-chairman); José Luis Méndez (Co-chairman);
Services	Retail banking
Website	www.afundacion.org

Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra (trading as Novacaixagalicia) was the name of a short-lived Spanish savings bank 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,^[1] and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks.^[2]

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.

As a side note, it was the first financial institution to be registered in the Galician language.^[3]

References

^ "Ranking de cajas de ahorro por activos". Mejoresbancos.es. Retrieved 15 October 2017.
^ "Novacaixagalicia". Mejoresbancos.es. Retrieved 15 October 2017.
^ [1] ^{[dead link‍]}

External links

Official website

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[1] "Ranking de cajas de ahorro por activos". Mejoresbancos.es. Retrieved 15 October 2017.

[2] "Novacaixagalicia". Mejoresbancos.es. Retrieved 15 October 2017.

[3] [1] ^{[dead link‍]}

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