Moody's: Kutxabank has strongest credit quality of Spain's medium sized banks, but all face profitability pressures
Madrid, February 27, 2017-- Of the four medium-sized Spanish banks rated by Moody's-- Kutxabank, S.A., Unicaja Banco, Ibercaja Banco SA and Liberbank-- Kutxabank displays the strongest credit profile, making it the best equipped to withstand the continued profitability pressures which all members of the peer group face, says Moody's Investors Service in a report published today. Moody's report, entitled "Peer Comparison: Spain's Mid-Sized Banks Display Mixed Trends in Credit...Liberbank SA is a Spain-based company engaged in the commercial banking activities. It specializes in providing consumer loans. Furthermore, the Bank offers a range of services for entrepreneurs: savings accounts, loans, factoring, payments management, investment funds, import and export financing, guarantees, as well as commercial insurance, among others. The Bank operates through a chain of retail offices in Asturias, Cantabria, Castile La Mancha and Extremadura. It also manages such brands as Cajastur, Caja Extramadura, Caja Cantabria and CCM.
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