Caja Ahorros Valencia Castellon Alicante - E.CVC- Profile

Caja de Ahorros de Valencia, Castellon y Alicante, Bancaja is both a credit institution and non-profit foundation encouraging savings among the general public and channeling these savings into productive investment for economic and social purposes. Its operating companies do business as financial intermediaries in marketing, insurance, data processing and operating services, appraisals, collection, travel services and various industrial and real estate activities. The company operates in 1018 branches located throughout Spain and one in Miami. Interest and fees on loans accounted for 67% of 1999 revenues; non-interest income, 18% and other interest income, 15%.