caixabank_sunset

Caixabank posts profit of €403 M (+47.9%); lending and customer funds grow 11% after integration of BPI

Caixabank reported net attributable profit of €403 million in the first quarter of 2017, up 47.9% year on year. During the quarter, the Caixabank Group effectively has become the leading bank in the Iberian financial sector, with a business volume of €565,987 million and 15.8 million customers. Following the integration of BPI, the Bank has gained a further 2 million customers, €34,037 million in customer funds and €23,328 million in loans and advances to customers, gross.

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Startups in Google

Startups in Google’s Campus Madrid create 2,354 jobs against overall 11,000, raise €37.5 mln funding

The startups in Google’s Campus Madrid have created 2.354 jobs and raised over 37.5 million euros in financing since it began in 2015, according to the company’s annual report on this project. Google points out that the contribution from Madrid to the total jobs created by all the Campuses “is relevant”, given that as a whole, the six centres across the world have created over 11,000 jobs.


Tecnicas Reunidas

Ibex 35: Tecnicas Reunidas

Year 2017 will bring a change in trend for Técnicas Reunidas, after two years of sharp declines in investment in the petrochemical sector (-43% in 2015 and -27% in 2016e) as a result of the drop in oil prices. According to ACF’s analysts this hypothesis is supported by forecasts for there being an equilibrium between supply and demand for oil by mid-2017, which should reactivate investment in the sector.

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spain-budget

Spain’s 2017 Budget Leaves Little Room For Manoeuvre

Spain’s 2017 budget leaves little room for manoeuvre. It represents exactly 39%, the percentage the state can freely make decisions on what do with from what it raises and borrows. It shows that, despite the fact the economy is doing well, we have a lot of problems.

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