oPro product, briefly

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Possible Answers: CAM.

Last seen on: LA Times Crossword 10 Apr 19, Wednesday

Random information on the term “CAM”:

Caja de Ahorros del Mediterráneo (CAM; Mediterranean Savings Bank) was a Spanish savings bank in Alicante, Valencia.

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The savings bank failed with the burst of the property bubble on Spain’s Mediterranean coast. In the first nine months of 2011 it had lost €1.7bn and the bad loans ratio has reached 20.8 per cent.[2] In December 2011, it was sold to Banco Sabadell for one euro.[2]

CAM was the result of integration at different stages of 29 financial institutions, the oldest of which traces its origins to 1875.[1] As of December 31, 2007, CAM was the fourth largest Spanish savings bank in terms of customer loans and deposits,[3] and the 3rd largest in the market share and the number of offices.

Originating in the provinces of Alicante and Murcia, the bank provided services across Spain through a network of over 1,100 offices and 7,100 employees serving 3,300,000 customers.[1] CAM activities were mainly focused on retail banking for individuals and SMEs. The bank also provided such financial services as insurance and asset management.

CAM on Wikipedia