Caja de ahorros y monte de piedad

Caja de ahorros y monte de piedad 2021

spanish savings bank

Our General Administrator Welinton F. Grullón Mercedes paid a courtesy visit to Mr. Juan Salas Rosario, General Director of the Civil Defense and President of the Board of Directors of the Civil Defense, during this meeting the bases were laid for the…

Welinton Grullón Mercedes, general administrator of the institution took advantage of the occasion to make a report on the work being done at Monte de Piedad, specifically at the Los Mina Branch. Santo Domingo. – The general administrator of…

caja de ahorros y monte de piedad de madrid

Financial, mercantile and risk reports of CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID, as well as all the contact information about CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID: telephone, CIF, address,…

Caja de Ahorros y Monte de Piedad de Madrid is registered in the Mercantile Registry of Madrid. The share capital of this company is in the range of 10,001 – 50,000 euros, with a number of employees of more than 2,000 and a sales amount of between 3,000,001 and 50,000,000 euros. It has 84 active corporate bodies, 283 historical corporate bodies and is related to 7 companies.

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monte piedad santo domingo

The origin of savings banks is historically linked to charitable institutions, especially the Montes de Piedad. These arose in 15th century Italy, at the initiative of the Franciscans, who granted interest-free pawnbroking loans to meet the most basic needs. Initially, both the amounts lent and the administration expenses were fed by alms and donations that the monks obtained from some wealthy people. However, these resources soon proved to be insufficient and it became necessary to charge interest, a fact that led to criticism within the Catholic Church. These criticisms would not be tempered until the Fifth Lateran Council in 1515 admitted the possibility of establishing a moderate interest rate for pledge loans. The Council of Trent (1545-1563) proclaimed the charitable nature of the Montes de Piedad.

At the end of the 18th century and the beginning of the 19th century, the expansion of these institutions was noted in countries such as Germany and England, where the Protestant reform meant the rejection of the pious approach of the pawnbroking institutions. The first savings banks were founded in Germany during the second half of the 18th century. (Brunswick, 1765 and Hamburg, 1768).