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Main branch of the bank in Vigo.. Banco Popular Pastor, S.A. was a Spanish bank. It was the second oldest banking institution in the country, after Banco Etcheverría.It failed the European stress test in 2011 as a result of the 2007–2008 financial crisis and was taken over by Banco Popular Español, which would later become Santander Bank.
The family-owned bank was the oldest in the Spanish financial system, and the 11th oldest surviving bank in the world, older by over half a century than the Bank of Spain itself. It was founded in Betanzos , A Coruña ( Spain ) in 1717 by Juan Etcheverry (née Jean d’Etcheverry), a French businessman and tannery owner who had settled in Galicia .
It is the seventh-largest bank in the country, it provided a full range of banking and financial products and services, including commercial, consumer and corporate banking, to over 1.2 million customers. In April 2024, HSBC reached an agreement to sell its banking operations in Argentina to Banco Galicia. [1]
A European Union-wide banking stress test exercise has been conducted by the Committee of European Banking Supervisors every year since 2009. The second instance was performed in July 2010. The second instance was performed in July 2010.
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Just one month later, on 15 February, she witnessed the culmination of a collaboration agreement between the Xunta de Galicia and her bank, resulting in creation of a development fund to promote large business projects in her home region of Galicia, Spain. Arias resigned as president of Banco Pastor in 2001, citing her advancing age.
In December 1996, Spain's Banco Bilbao Vizcaya, (now Banco Bilbao Vizcaya Argentaria), acquired the 99.9% of the common shares of Otar S.R.L., which was a major shareholder of Sud América Inversiones S.A., and holder of over 30% of the capital of Banco Francés, hence the BBVA in its name. [2]
Banco Gallego, S.A. was a Spanish bank based in Santiago de Compostela, Galicia. [1] Operating primarily in the region of Galicia the bank had branches throughout Spain. On the April 17, 2013 Banco Gallego was sold to Banco Sabadell for the symbolic sum of 1 euro and was integrated in Banco Sabadell at the beginning of 2014.