Specifics of the Banking System of Spain Article

Specifics of the Banking System of Spain - Article Example At the beginning of 1990th as a result of a series of merges and absorption two leading savings banks accumulating over 90 % of personal savings of the Spanish citizens have been created. Bank system of Spain is one of the most stable and liquid financial systems in Europe. Its distinctive features are a significant level of foreign currency (13,9 billion euro), the branched out the network of branches of private banks and the state savings banks. The dominating role is played by the banks with 100 % of the Spanish capital. The leader at cost of market actives is the financial group "Banco Santander Central Hispano" formed at the beginning of 1999 as a result of a merger of two largest banks of the country. Now the strongest bank group is Banco de Bilbao Vizcaya (BBV). However recently it had strong contender Central Hispano, the group formed as a result of merges of two banks - Banco Central and Banco Hispano Americano. Despite a plenty of local savings banks (cajas de ahorros), they make operations very slowly. In general, the bank system of Spain is strongly bureaucratized and not especially cares for the convenience of clients (Altman).   Some banks and other financial institutions of Spain: Banco de Espana - the Central bank of Spain; Banco Sabadell - the bank specializing on granting of services to private clients, and also small and average business. Has more than 400 branches in Spain and abroad; Bilbao Bizkaia Kutxa (BBK) - the largest savings bank in Basque Provinces and the fourth on size in Spain; Banco Santander - the bank which is carrying out the financial operations in Spain and in 31 countries abroad, including the USA; Kutxa - savings bank; Caixa d'Estalvis i Pensions de Barcelona - the financial group including savings bank and some of the other financial institutions; Caja San Fernando - the savings bank having operations in Western Andalusia; Caixa Catalunya – the Catalan savings bank; BBVA – the financial group; Open Bank - the open bank; Ibercaja - the Spanish savings bank.

Climate Change - Global warming Research Paper Example | Topics and Well Written Essays - 750 words

Climate Change - Global warming - Research Paper Example So speaking about climate change we don`t mean the present day changes but we look them through in the comparison with many years` data. Climate includes such features as the average temperature, amount of the rainfalls, number of sunny days and other changeable parameters which are different in the different places of the Earth. At the same time there are some processes that can influence not only conditions of the particular region but large territories on the planet. So we can speak about climate change. There are some definitions of this term that is widely used today. The Oxford dictionary (2014) gives us the definition â€Å"A change in global or regional climate patterns, in particular a change apparent from the mid to late 20th century onwards and attributed largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels.† and the NOAA (2014) defined it as â€Å"A non-random change in climate that is measured over several decades or l onger. The change may be due to natural or human-induced causes.† For determination of climate change such indexes as changes of the average weather parameters and changes in the frequency of extreme weather phenomena are used. The reasons cause climate changes are dynamic processes on the Earth, external influences such as changes in the sun emanations and in the recent years - human activities. Modern climate change towards the warming is called â€Å"Global warming†. There are a lot of investigations that indicate changes of meteorological indexes and their influence on global climate changes and also the human life. The work of Sippel & Otto (2014) is focuses on a recent hot and dry summer with exceptional multi-day heat waves. Their own results and analyses of the literature demonstrate that intensity and frequency of monthly and 5-day warm temperature extremes in summer have increased