TRABAJO DE FIN DE MÁSTER

The main motivation of this project is due to the great interest in knowing why the Savings Banks are disappearing and what they have been wrong in order to deserve this end. In addition to this, we must emphasize the importance of this sector nowadays. Nevertheless in this project we explain the legal framework which the Savings Banks are regulated by, including their origin, evolution, expansion and growth, the definitive objective is to show the change, that is, to explain how they have developed from being the most competitive financial institutions to suffer deep changes due to the beginning of the crisis. As a consequence of this situation, they have commenced to disappear. This essay begins with the legal framework of Savings Banks explaining the laws that have regulated them from the 19 century to the current 21. We present in the second point the origin of the Galician Savings Banks and also the creation and evolution of Caixanova, Caixagalicia and Novacaixagalicia according to the mentioned rules. The third point is divided in three stages: first of all, we describe the economic and financial situation from the beginning to 2003, the second one, from 2003 to 2008 and finally from 2008 to 2010. In all of them, we demonstrate the evolution of the turnover by graphics, the number of branches, productivity and business return. In addition to this, at the end of this third point we explain the effect that the economic and financial crisis has caused in Savings Banks. In the fourth and last point, we conclude with the disappearance of Galician Savings Banks and the stimulation of Banks and the origin and evolution of NCG Banco.