Spanish lender CaixaBank and Barclays Bank, SAU, a subsidiary of CaixaBank since January 2015, have warped their legal merger, after the merger deeds were filed with the trade registry.
Barclays’ operations and technology will be incorporated within CaixaBank over the coming weekend.
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The culmination of the deal, which was announced on 30 March 2015, leads to the disappearance of Barclays Bank SAU brand, as its assets are transferred to CaixaBank.
The merger will bolster CaixaBank’s position in the Spanish market, with 14 million clients, 5,438 branches and total assets worth EUR355.56bn.
"Over the coming weeks the 261 branches owned by Barclays Bank SAU will be rebranded with the CaixaBank corporate image on their outdoor signage," CaixaBank said in a statement.
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