What will happen to Cajamar and Unicaja if BBVA and Sabadell merge

The possible merger of BBVA and Sabadell will also have implications for Almeria’s small financial system. The company of Basque origin, headquartered in Paseo de Almeria, has 21 offices in the province and will be the one to absorb the Catalan company, which has five branches in Almeria. The bank created as a result of the union will have about a hundred jobs in Almeria. Everything indicates, although nothing is confirmed as many questions remain to be resolved, what the agreement will imply Employment Rules File (ERE) and the closure of some branches that may have overlapped in the capital Almeria. The most emblematic office is located in Sabadell Rueda Lopez street From the capital.

BBVA (Bilbao Vizcaya Argentaria) raises pike throughout the province in municipalities Adra, Berja, Cuevas del Almanzora, El Ejido, Garrucha, Huercal Overa, La Mojonera, Roquetas, Vera and Vicar.

The resulting organization will surpass Santander and take second place among Spanish banks, second only to the leader. KaishaBank who will pursue offices, loans and warehouses. These three large companies will occupy more than 70% of the market of the Spanish financial system. Not so much in Almeria, where there is a special fact called Cajamar. In fact, the merger will clear the rankings of the ten largest Spanish banks, forcing the Almeria cooperative group to move up one rung and position itself as the eighth enterprise in the Spanish banking system. by volume of depositsafter CaixaBank, BBVA-Sabadell, Santander, Bankinter, Unicaja, Kutxabank and Abanca. Cajamar This represents a 3% share of the Spanish deposit market with €43,489 million at the end of 2023; and 3.1%, up to 37.184 million on loans to customers.

The merger of BBVA and Sabadell will close the doors to Unicaja established wedding with the Catalan bank, for many analysts, this is one of the most complementary alliances that can be proposed on the financial board.

What has so far paralyzed the new Unicaja merger (where old Cahalmeria), To achieve greater volume and profitability, hidden risk is required, which The company’s headquarters leaves Malaga.