Reply To: Are Spanish banks in trouble?

#85306
Anonymous
Participant
APotter wrote:
Off the record I was told by a Polaris World rep that BancoPopular, CAM and CajaMurcia no longer offer mortgages on their properties.

Also of note – CAM bank have set up CAM Mediterranean as their real estate arm to sell properties where the bank has invested in the development. As one of the managers said, “its for the bank to start liquidating some of its liabilities”. I thought his phrase was rather interesting.[/quote;

I can understand the attitude of the Banco Popular,CAM and Bancaja, I would n´t want to offer mortgages on their properties.