HistoryBankiaSpain

Banco Popular Depositos
The Spanish Popular Bank (BPE) is the fifth greatest banking team in Spain. Listed on the Madrid Stock Trade and is component of the IBEX 35.

History

1926: Founding of the People's Financial Institution of the foresight of the Long Term on July 14, 1926, with a founding capital of ten million pesetas. It aims "to offer services to these who use their major services in all varieties of financial and banking issues," carrying out "all operations, as peculiar to the credit card companies, are identified by the Commercial Code in force." Amid other highlights founders Emilio Gonzalez-Llana and Fagoaga, and Alfonso XIII (acquired five hundred shares). 1947: Modifications its title to the present Spanish Banco Well-known (BPE) 1968: BPE opens a representative business office in Paris which will become a subsidiary that by 1991 a network of 14 branches in France. 1992: BPE converts its subsidiary in France in a joint enterprise with the Portuguese Industrial Bank beneath the name Banco Common Business and developing a network of branches in Portugal. 2007: BPE TotalBank get a small financial institution in South Florida for $ 300 million. The bank has 250 employees and 14 offices in Miami. 2008: On April 30 it was agreed the sale of Banco Common France (subsidiary of Grupo Banco Popular in France) to Cr?dit Mutuel - CIC for an quantity of 85 million euros. Moreover, on September 25, 2008 the board made a decision to take in four of its regional subsidiaries: Banco de Castilla, Banco de Credito Balear, Banco de Galicia and Banco de Vasconia. Still Left out of the operation the Bank of Andalusia. The disappearance of these four monetary establishments and settlement was created with no making use of the block transfer of their property to Banco Popular, although they retained their trademarks. 2009: On 19 May, the financial institution determined to take in its latest subsidiary, Banco de Andalucia 2010: June 28 introduced a strategic alliance arrangement with long-term French financial institution Cr?dit Mutuel-CIC for joint solutions by means of a new banking platform that will operate in Spain, Portugal, France and Germany. 2011: On October 7 buy Banco Pastor with a merger agreement by distributing a tender for 100% of the shares (offering 1.15 shares for every single share Banco Well-known Banco Pastor), getting had an agreement just in excess of 50% acquiring reached a significant shareholder of Banco Pastor a commitment to sell.

Bankia Hipotecas
Bankia is the title of the bank subsidiary of Financial Institution Savings Financial. It is the initial Spanish financial institution to domestic business, with total assets of 272,000 million euros and a net well worth of 12,000 million euros.

History

Arises as a result of restructuring of the financial savings technique driven by the Financial Institution of Spain through a economic model called Institutional Safety System-SIP. In 2010 results in the Fiscal Savings Bank jointly funded by Bancaja and Caja Madrid, which have joined La Caja de Canarias, Caixa Laietana, Caja de La Rioja, Caja Caja Segovia and Avila. This operation is identified in financial terms as chilly fusion is managed by Caja Madrid entity jointly control about 340,000 million euros of assets and acquire aid from the FROB close to 4.465 million.

The Finance and Financial Savings Bank was incorporated on December 3, 2010 and started functions on January 1, 2011. On March 2, 2011 was offered the new brand name, Bankia, born of the union of seven Spanish fiscal institutions, with significant existence in their areas of influence. The merger of the 7 cases was carried out in only 4 months, because the integration agreement was signed on July 30, 2010. The marriage was done underneath the determine of an Institutional Defense System, known as cold fusion. It is chaired given that its creation by Rodrigo Rato.

In March 2011 conferences of the seven savings banking institutions that are component of its shareholders agreed to transfer all its assets and liabilities Bankia, reserving the trade name, social function and a amount of structures deemed historical.

IPO The entity went public on July 20, 2011 at a price of 3.75 euros per share, which attracted 3.092 million euros. By attractive to the money markets, coated Bankia minimum amount funds needs set up by Royal Decree Legislation for Strengthening the Monetary Sector. After the OPS, its Core Tier 1 stood at 9.9%.

Bankia has been integrated in the MSCI International Regular Indices Morgan Stanley Richesse International6 and from October 3, 2011 will occupy the fourteenth location in the Spanish index IBEX 35, becoming the fourth most significant fiscal establishment by market place capitalization.

Bankia, in addition to its IPO, has taken numerous measures to reinforce its capital as provisioned 9,200 million euros in 2010 to reinforce the stability sheet. It also has a volume of basic allowances of 1,578 million euros.