Unnim was

Spanish Spanish might refer to: * Items from or related to Spain: ** Spaniards are a nation and ethnic group indigenous to Spain **Spanish language, spoken in Spain and many Latin American countries **Spanish cuisine Other places * Spanish, Ontario, Ca ...

savings bank A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. They originated in Europe during the 18th century with the aim of providing access to savings products to ...

resulting from the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

of three other savings banks (Caixa Manlleu, Caixa Sabadell and Caixa Terrassa). As of December 2011, Unnim was under bailout in the scheme known as Fondo de Reestructuración Ordenada Bancaria or FROB in short. The Spanish government had taken a participation of 100% in September 2011. Unnim was among the eight

bank 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. Becau ...

s that failed the bank stress test published in July 2011 {{Cite news, url=https://www.bbc.co.uk/news/mobile/business-14169940, title=BBC News - Eight banks fail EU stress test with 16 in danger zone, date=15 July 2011 In March 2012, it was bought by BBVA.

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See also