Caja de Ahorros del Mediterráneo

Caja de Ahorros del Mediterráneo
Caja Mediterráneo
Native name
Caja de Ahorros del Mediterráneo
Company typeSavings bank
IndustryFinancial services
FoundedAlicante, Spain (March 23, 1992 (1992-03-23))
DefunctDecember 2011 (2011-12)
FateAcquired by Banco Sabadell, S.A.
SuccessorSabadellCAM
Headquarters,
Number of locations
1,157 branches
Key people
Modesto Crespo Martínez, Chairman (2009-2011), Roberto López Abad, CEO (2001-2010), Agustín Llorca Ramírez, Deputy General Manager (2011)
Services
€3,703,344,000 (2007)
OwnerBanco Sabadell, S.A.
Number of employees
7,171 (2007)

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 €1.7 billion and the bad loans ratio had reached 20.8 per cent. In December 2011, it was sold to Banco Sabadell for one euro.