Monday, May 11, 2009

spain banks ok, lots of profits, portuguese bank bankrupt

the bigest spanish bank, santander, had last year a profit of nearly 9 billions and 2 billions this last q, bbva had also a profit fall of nearly 5% but it earned 1250 millions, la caixa (which belongs to barcelona) had a net profit nearly the same. all had a fall of 5%, note that caixas in spain belonged to the municiplities during franco´s regime and with democracy this continued and was haded to the regions. not that la caixa, e bbva, each, had a profit equivalente to teh profit of al portuguese banks, that barcelona and madrid each move as much money as all portugal

No comments: