How Cava Kutras vital to succeed in the economic sector
Cava Vital Kutras has proved successful in the current difficult economic context that operational data are good when measured in absolute terms and even better when compared to the rest of the sector, according to the results of the financial group in 2009. At the end of last year, consolidated net income of the entity Alva increased to 68 million euros, representing a reduction of 10% over the 2008 data, after any considerable funding to cover loans and other assets, for a total of 37 million euros.
The evolution of the Cava Vital results thus stands among the best in the Spanish financial system, allowing you to deal with collateral effects of the economic crisis during 2010 and appropriate provisions to ensure a Social Work. This position of comparative advantage is more valuable when considering the size of the Fund Alva in the sector.
In regard to its expansion project outside of Alva, Cava Vital Kutras closed the year 2009 with 29 offices outside the territory, culminating in this way their forecasts, with the exception of the opening of an office in Asturias, has decided to postpone. However, the Bank does not rule out new openings for the financial year 2010 taking advantage of opportunities that may arise in the process of closing offices is expected to occur within the framework of restructuring the sector.
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