The Supreme Court has ruled that mortgage”floors” are illegal and must be removed from all mortgages, unless they are an integral part of a complex financial package. Millions of people with a mortgage in Spain taken out in the last couple of decades look to see their monthly payments drop substantially! The idea with mortgage floors is that the amount of interest on your mortgage can never drop below a certain amount. Lets say you Continue reading Mortgage “floors” abolished by Supreme Court
A strange direct message via twitter arrives, inviting me tonight to a chat in Almería about female sexual exploitation. The organisers? Cajamar, for some strange reason @LozanoMabel esta tarde en #almería para hablar sobre explotación sexual femenina a las 20h.¿te apetece? http://t.co/FruI3Iv5nM — Grupo Cajamar (@Cajamar) April 4, 2013 “LozanoMabel this afternoon in Almeria to talk about female sexual exploitation – do you fancy it?” Leaving aside the ambuiguity about me being asked by my Continue reading Cajamar – do ya fancy female sexual exploitation or banking?
Someone blew up the Cajamar in Los Gallardos last night, in an attempt to force open the ATM machine. In the process, they took out the front window and entrance to the bank. Tried to get a photo but there were far too many coppers around looking efficient, and so slunk away.
Beware if you haven’t received the letter or ignored it! Cajamar is bringing in charges of 9€a quarter(so that’s 36€ a year) per account (unless you pay in your nómina or pension, or are under 26, or over 65) and a load of whopping charges for credit and debit cards, of at least 20€ a year (plus 2% of every purchase made abroad), etc. No doubt other caja’s are doing the same, but I haven’t Continue reading Cajamar (and other banks, no doubts) bring in whopping new commissions for everything
Cajamar, our local savings bank whose hq is in Almería, has been forced into a number of shotgun marriages over the last two years, as the central government made it merge with poorer, on-the-brink savings banks from across the country, and today will see the signing of the greatest merger of them all, as Cajamar merges with Ruralcaja to become Spain’s largest savings bank, with 44% of the national market. The signing will take place Continue reading Cajamar today becomes Spain’s biggest savings bank
Business customers of Cajamar, who previously enjoyed free online transfers, woke up to a nasty shock last week when Cajamar, without bothering to tell anyone (or, at least, without bothering to tell me, which is much the same thing) introduced a flat charge of 1€ per transaction for all business accounts. This, despite the fact that I’m the one doing all the work online. This was, at first, an irritant. I then started doing the Continue reading Cajamar (very quietly) introduces charges for transfers
Cajamar, our local savings bank with HQ in Almería, is ever more powerful despite the crisis – it’s upped it’s earnings by 5%, is among one of Spains most solvent banks, has assets of some 25,000 million euros and tomorrow (Wed 28th) will open it’s first office in León. That will be office nº 924 for Cajamar. 4076 people work the bank. Cajamar has announced plans to open a number of new offices in Galicia, Continue reading Cajamar goes from strenght to strenght
According to Cajamar, there are currently some 1200 families in Almeria who have defaulted on their mortgage so far this year. Loan defaulting in general has shot up 28% with respect to last year, and Cajamar expects the situation to get worse, which is why its put 55M€ aside to cover such shortfalls. Last year repossessions in Almeria were 0.3% of the whole market. So far this year it’s at 1.8% and is expected to Continue reading 1200 Almerian families “defaulting on their mortgage”