Leading investment bank Bancaja has continued its positive strides of recent years, gaining an encouraging report from an independent credit review.

Bancaja, Spain’s third largest savings bank, was reviewed by Moody’s Investors Service, with the long-term rating of the group confirmed at A1.

Moody’s highlighted the group’s rising margins over the last few years – especially business margins- and commended Bancaja for favouring a good efficiency ratio.

Meanwhile, the bank’s short-term rating was confirmed at P1 level, while financial strength ratings also held their C+ level – identified by Moody’s as impressive achievements in the current market situation.

A key element of Bancaja’s business is its real estate branch, an element of the firm that Moody’s singled out for particular praise.

The risk analysis and financial review specialist said that Bancaja’s concentration of risk in the real estate sector was considerably lower than average in the savings banking sector – making the firm less vulnerable to the difficulties currently affecting other real estate and mortgage lenders.

Tags: Bancaja, finances