With Panoramica golf course as a backdrop, the first Bancaja habitat agents convention took place at the end of April.

This was a unique opportunity to enhance and consolidate our relationship with our network of partners. 

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.

Valencia is currently hosting an array of artwork from one of the region’s leading artists – Joaquin Sorolla.

Presented free to the public at investment bank Bancaja’s Centro Cultural, the Valencian exhibition is making 14 of the maestro’s paintings available to Spanish audiences for the first time.

 
Having undergone a journey from New York to Spain’s third city, Sorolla’s paintings are seen as typically Spanish, capturing turn-of-the-century life and its people under the native Spanish sun.

Remeaining on exhibition until the end of March 2008, the 14 canvasses include scenes from the Holy Week in Seville, as well as images of tuna fishing at Ayamonte and the famous Elche palm grove.

The exhibit also contains a photography section showing how restoration has been carried out on the work of the popular artists – who left many of his paintings to the Spanish public on his death.

As well as providing an array of property across Spanish coastal regions, the Bancaja group – boosted by its new cultural centre – holds a wide range of Spanish artistic works, ranging from painting to sculpture.