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CaixaBank created subsidiary to finance credits for developers
19 June 2019 | Vanessa Sousa

CaixaBank Real Estate&Homes is CaixaBank’s new subsidiary created with a specific purpose: to finance credits for developers.

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According to Eje Prime, the bank is already looking for stable agreements with developers actively operating in the Spanish market, such as Neinor, Aedas Homes and Vía Célere.

Last year Caixa Bank financed 581 projects of this type, which represented 2.600 million euro. According to data from Spanish newspaper El Confidencial, 84% of these credits corresponded to housing developments, with 50 dwellings or less.