Novacaixagalicia

Caja de Ahorros de Galicia
Caja de Ahorros de Pontevedra, Vigo y Ourense

FoundedA Coruña, Spain (December 1, 2010 (2010-12-01))DefunctAugust 15, 2011 (2011-08-15)FateNationalizedSuccessor

NCG Banco, S.A.
Fundación Novacaixagalicia

Headquarters

A Coruña

Spain

Key people

Julio Fernández Gayoso (Co-chairman)
José Luis Méndez (Co-chairman)

ServicesRetail bankingWebsitewww.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]}