Cajamar Cooperative Group
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Cajamar Cooperative Group
The Cajamar Cooperative Group () is the largest grouping of agricultural cooperative banks () in Spain, with origins in the establishment in 1966 of ''Caja Rural de Almería'', rebranded in 2000 as ''Cajamar Caja Rural''. Whereas Cajamar Caja Rural remains the group's most significant component, its national entity is ''Banco de Crédito Social Cooperativo, SA'' (''BCC''), a Madrid-headquartered bank established in 2014 by Cajamar Caja Rural and 31 other local agricultural cooperative banks. BCC has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. BCC acts as a central entity serving the financial needs of the local cooperative banks which together form the Cajamar Group. The Cajamar Cooperative Group was designated by the Bank of Spain as an institutional protection scheme, with the BCC as head entity. Under that arrangement, the individ ...
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Paseo De La Castellana
Paseo de la Castellana, commonly known as La Castellana, is a major thoroughfare in Madrid, Spain. Cutting across the city from south to north, it has been described as the "true structuring axis" of the city. History and description The street was formerly a thalweg partially along which the Arroyo de la Castellana flowed towards its emptying in the Abroñigal. The ''Fuente Castellana'', which was the main source of the Arroyo de la Castellana and, according to Miguel de Cervantes, Cervantes, a spring with "extremely cold waters", was located near the current day plaza de Emilio Castelar. The waterstream, formerly used as dump, was channeled in 1807. The first stretch of the street (from the Gate of Recoletos to the Fuente Castellana) was built following the western (right) bank of the stream; the works started in early 1833, and inaugurated in October 1833, it was named ''Paseo de las Delicias de la Princesa'' and ''Paseo de las Delicias de Isabel II'' after Princess/Queen Isa ...
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Murcia
Murcia ( , , ) is a city in south-eastern Spain, the Capital (political), capital and most populous city of the autonomous community of the Region of Murcia, and the Ranked lists of Spanish municipalities#By population, seventh largest city in the country. It had a population of 460,349 inhabitants in 2021 (about one-third of the total population of the Region). The total population of the metropolitan area was 672,773 in 2020, covering an urban area of 1,230.9 km2. It is located on the Segura River, in the southeast of the Iberian Peninsula. It has a climate with hot summers, mild winters, and relatively low precipitation. Murcia was founded by Abd ar-Rahman II, Emir of Cordoba, in 825 with the name ''Mursiyah'' (). It is now mainly a services city and a University of Murcia, university town. Highlights for visitors include the Cathedral of Murcia and a number of baroque architecture, baroque buildings, renowned local cuisine, Holy Week procession, works of art by the fa ...
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Banks Established In 2014
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ...
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