Unicaja posts €577 million loss for 2012

Unicaja Banco closed 2012 with a loss of €577 million after tax due to write-downs of €1,204 million required under the Royal Decrees RDL 2/2012 and 18/2012.

Telefonica results for 2012

Telefonica closed 2012 with a net profit of only €3,928 million, down by 27.3% on the previous year, after making adjustments of €2,536 million to take into account participation in Telefonica Italy, Telefonica Ireland and the devaluation of the Venezuelan Bolivar.

Nerja Caves Foundation made a loss in 2011

For the first time, the annual accounts for the Nerja Caves Foundation show a negative balance, due in the main to the construction and operation of the Nerja Museum which was finally inaugurated in December 2011.