CaixaBank revels in the end of the deposit wars

To Euribor and back

Juan Ignacio Trujillano Goya

The end of the so-called ‘deposit war' in Spain is proving to be a good thing for financial institutions such as CaixaBank, the country's third-largest lender and issuer of €3 billion of structured products last year. "The worst of the crisis has passed," says Juan Ignacio Trujillano, head of structured products at the Barcelona-based bank, who attributes the improvement in equity markets as the main catalyst for the improved outlook.

"The recovery in the markets and the improved creditworthines

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