CaixaBank revels in the end of the deposit wars

CaixaBank’s structured products offering has benefited in Spain as investors look for better returns than those offered by deposits. Jonathan López reports

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

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