The Caja de Ahorros de Asturias (Cajastur) is a savings and loan association of the Principality of Asturias. Caja de Ahorros de Asturias is the trade name of the enterprise while Cajastur is the commercial brand name it commonly uses.
Its activities concentrate on retail banking, focusing primarily on the economic necessities of regional households, local corporations, and small and medium-sized enterprises.
History
The origin of the bank date back to 1880, when the Monte de Piedad y Caja de Ahorros de Oviedo was founded. It became the Caja de Ahorros de Asturias in 1946 after a merger with the Caja de Ahorros y Monte de Piedad Municipal de Gijón.[1]
Presently Cajastur has around 200 offices in Asturias and some 40 outside the Principality. It controls the Asturian telecommunications enterprise TeleCable.[2]
On September 21, 2010, Cajastur took definitive control of the financial business of Caja Castilla-La Mancha (CCM) with the notarization and presentation to the Mercantile Registry of the agreements and contracts for the segregation of assets of the Castilian-La Mancha entity and the incorporation of all its financial business (branches, brand, customers, deposits, loans and other financial products) to Banco Liberta, a subsidiary of Cajastur.