07 April 2008
The new securitisation issue is the twenty-seventh transaction to take place, boasting a value of 1,200 million euros with asset-based mortgage security loans and rights to credited asset-based loans for small- and medium-sized companies.
In the same session, the Board was informed of Standard & Poor’s latest ratings, confirming Bancaja’s credit rating (A+), which is maintained thanks to the Company’s leading position in the local market, its distinguished diversification strategy, operative excellence and asset quality.
According to Standard & Poor’s, Bancaja possesses the advantage of magnificent efficiency and great flexibility in facing the potential pressures on profits and margins within a slow-growth economic environment. Furthermore, the quality of the Company’s assets are placed above the industry’s average, while its profits provide strong reserves for hardship confrontation.
26/03/2008
