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Last seen on: Universal Crossword – Sep 12 2021
Random information on the term “CAM”:
Caja de Ahorros del Mediterráneo (CAM; Mediterranean Savings Bank) was a Spanish savings bank in Alicante, Valencia.
The savings bank failed with the burst of the property bubble on Spain’s Mediterranean coast. In the first nine months of 2011 it had lost €1.7bn and the bad loans ratio has reached 20.8 per cent. In December 2011, it was sold to Banco Sabadell for one euro.
CAM was the result of integration at different stages of 29 financial institutions, the oldest of which traces its origins to 1875. As of December 31, 2007, CAM was the fourth largest Spanish savings bank in terms of customer loans and deposits, and the 3rd largest in the market share and the number of offices.
Originating in the provinces of Alicante and Murcia, the bank provided services across Spain through a network of over 1,100 offices and 7,100 employees serving 3,300,000 customers. CAM activities were mainly focused on retail banking for individuals and SMEs. The bank also provided such financial services as insurance and asset management.