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Banco CAM
Oscar Esplá, 37
Alicante, 03007  Spain

This is a Subsidiary, click here for the Parent Company

Business Summary
Banco CAM is a new entity created to effect the transfer of the financial business of the savings bank, Caja de Ahorros del Mediterraneo (CAM), to this new entity effective as of July 22, 2011. Following the transfer of the financial business of CAM to Banco CAM, Bank of Spain initiated the announced restructuring process of the entity. At the same time, the state-owned fund, Fund for the Orderly Restructuring of the Banking System ("FROB"), made a EUR2.8 billion capital injection into Banco CAM and granted a EUR3 billion credit facility to ensure the liquidity position of the entity. Banco CAM is now governed and owned by the FROB, which has also taken control of the entity's board to ensure the accomplishment of the restructuring plan.

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Monday, March 25, 2024