Caja

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Caja

A term for a savings and loan in Spain. Cajas began as a way for the economically disadvantaged to save their money; however they have gradually become more like traditional retail and commercial banks.
References in periodicals archive ?
The two cajas, as Spaniards refer to their savings banks, are currently conducting intensive negotiations after suspending talks at the start of this year.
17 October 2011 - UK-based lender Barclays (LON:BARC) is eyeing four Spanish small savings banks, or cajas, in a bid to expand its presence in the country, according to a Sunday Telegraph report.
Global Banking News-October 17, 2011--Barclays eyes Spain's troubled 'Cajas'(C)2011 ENPublishing - http://www.enpublishing.co.uk
"In principle we are interested in doing something with the cajas (Spain's regional savings banks).
It is believed that banks such as JPMorgan Chase & Co (NYSE: JPM), BNP Paribas (BNPP.PA) and State Street Corp (NYSE: STT) have offered asset management units of Spanish cajas.