Caixabank considering relocating from Catalonia

BARCELONA, Spain (AP) — Spain’s third largest bank in terms of volume of assets is considering a relocation of its registration outside of Catalonia but says nothing has been decided yet while executives follow developments of the secession bid in the northeastern region.

Barcelona-based Caixabank “reiterates that the necessary decisions will be taken, in due course, always with the objective of protecting the interests of our customers, shareholders and employees at all times.”

A bank spokesman, who couldn’t be named under company policy, said that according to internal rules, the bank’s board would need permission from its shareholders.

—By Aritz Parra.