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Uría Menéndez

Corporate 2010

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Award levelHighly commended
InnovationNew group structure for amalgamating Spanish savings banks
Originality6
Rationale6
Impact6
Total18
DescriptionGrupo Banca Civica was created as the first contractual group of regional savings banks. The alternative to a merger or a takeover allows each institution to retain its individual identity and goodwill while establishing a parent company – owned by the subsidiary banks – to pool economic resources and work with commercial clients