|Bid||3.645 x 1239200|
|Ask||3.670 x 4019500|
|Day's Range||3.593 - 3.669|
|52 Week Range||3.547 - 4.676|
|PE Ratio (TTM)||21.58|
|Forward Dividend & Yield||0.11 (2.98%)|
|1y Target Est||N/A|
Bankia CFO Leopoldo Alvear discusses how the bank plans to stay competitive with international rivals over the coming years.
Spain's banking bailout fund FROB could be looking at selling bigger stakes in the future privatization processes of Spain's state-controlled Bankia (BKIA.MC), Chairman Jose Ignacio Goirigolzarri said on Monday. Bankia got a 22.4 billion-euro ($27.6 billion) rescue package in 2012 to recover from property-loan losses at the height of Spain's financial crisis. The government has until the end of 2019 to sell off the 61 percent stake it holds.
Let’s talk about the popular Bankia SA. (BME:BKIA). The company’s shares received a lot of attention from a substantial price movement on the BME in the over the last fewRead More...
Spain's state-controlled Bankia (BKIA.MC) on Tuesday said it would return 2.5 billion euros (2.21 billion pounds) of excess capital to shareholders over the next three years in an effort to pay back part of public bailout cash. Bankia got a 22.4 billion-euro rescue package in 2012 to recover from property-loan losses at the height of Spain's financial crisis. The bank's chairman, Jose Ignacio Goirigolzarri, said institutional investors were interested in taking part in its privatisation.
(Adds Tencent, General Mills, Wilhelmsen Maritime) Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday: ** U.S. semiconductor testing company ...
The price to sell its entire shareholding in the life insurance and pensions joint ventures represents 2.1 times Aviva's share of the IFRS net asset value and 22.5 times Aviva's share of earnings after tax of these businesses, it said. With the deal, Aviva's Solvency II capital surplus will go up by about 150 million pounds, it said. "Following the restructuring of the Spanish banking system, which started in 2010, and the subsequent consolidation among Aviva's banking partners, Aviva has taken steps to protect the value of its distribution agreements in Spain," the insurer said in a statement.
Widely credited with steering Spain through its worst recession in decades, its outgoing Economy Minister Luis de Guindos will hope to bring pragmatism and tenacity to the European Central Bank when he takes over as vice president in June. Some EU lawmakers opposed his appointment, ratified on Monday by euro zone finance ministers, fearing the nomination of a politician could affect the bank's independence. Like Schaeuble's compatriots on the ECB's governing council, de Guindos is seen likely to favour an early normalisation of ECB policy, as the debate among ratesetters shifts towards when and how fast it should unwind its ultra-loose monetary stance.
The head of Spain's bank bailout fund FROB said on Friday that the state could sell state-controlled Bankia (BKIA.MC) to a competitor, but its priority was to continue its privatisation process through stake sales. If that scenario arrives it will be analysed from an economic perspective," Jaime Ponce, the head of the FROB told journalists. The Spanish state holds a 61 percent stake in Bankia and the government has until 2019 to fully privatise the lender.
By Helen Reid and Danilo Masoni LONDON/MILAN (Reuters) - Stellar results from chip-maker AMS and another big pharma deal dominated European share trading at the start of a heavy earnings week, while a ...
Spanish state-owned lender Bankia (BKIA.MC) said it swung into the red in the fourth quarter, for the first time in three years, blaming one-off restructuring costs after its acquisition of smaller peer BMN. Seeking to boost its earnings following a quick recovery from its 22.4 billion euro ($28 billion) bailout in 2012, Bankia agreed in June to acquire BMN to create Spain's fourth-biggest bank. When it originally announced the tie-up, Bankia said it expected restructuring costs of around 300 million euros, mainly due to layoffs and branch closures.
Spanish stocks fell on Friday after Catalan separatists won a slim majority in a regional election, deepening a political crisis which has hurt the economy and caused a business exodus from the region. Spain's IBEX (.IBEX) fell 1.2 percent after voters backed separatist parties in a rebuke to Prime Minister Manuel Rajoy and European Union leaders. "This is Groundhog Day, we have been here," said Christopher Peel, chief investment officer at Tavistock Wealth.
(Adds Sabeco, NXP Semiconductors, LKQ Corp, Tencent Holding, Corning Inc, Otkritie Bank, Bankia, CanniMed Therapeutics, Zurich Insurance, Canadian Solar, OTP Bank, OldTown Berhad, Cassa Depositi e Prestiti ...
MADRID (Reuters) - Spain's bank bailout fund plans to sell about 7 percent of state-owned lender Bankia and has hired UBS, Deutsche Bank and Morgan Stanley to manage the sale, a source with knowledge of ...
Spain's bank bailout fund plans to sell about 7 percent of state-owned lender Bankia and has hired UBS, Deutsche Bank and Morgan Stanley to manage the sale, a source with knowledge of the situation told ...
State-owned lender Bankia's plans to cut staff are at an advanced stage following the lender's merger with smaller Banco Mare Nostrum (BMN), its chairman Jose Ignacio Goirigolzarri said on Tuesday. "Plans to cut staff are at an advanced stage but are not closed yet," Goirigolzarri said at an economic forum in Madrid, refusing to give any concrete figures. Last week daily newspaper Expansion said Bankia was planning to lay off 2,000 workers.
State-owned lender Bankia (BKIA.MC), among the Spanish banks least exposed to Catalonia, reported a 10 percent fall in third-quarter net profit on Monday but showed progress in shrinking its bad loan portfolio. Spanish banks' reporting season is being partially overshadowed by Catalonia's independence drive and its potential impact on financial markets. On Monday, Bankia shares were up 2.4 percent in a bullish market as Spain's leading index Ibex-35 (.IBEX) recovered from sharp losses after a weekend poll showed Catalan secessionists may lose their majority in regional elections scheduled for December..
A partial sale of Spanish state-held lender Bankia is possible by the end of 2017 if a crisis prompted by a secession bid by the wealthy region of Catalonia is resolved, Economy Minister Luis de Guindos ...
Four former managers of Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) were sentenced to prison by the country's High Court on Tuesday after being found guilty of false accounting and misleading investors about the lender's health. Former managing directors Roberto Lopez Abad and Maria Dolores Amoros were sentenced to three years, while planning and control manager Teofilo Sogorb was given four years and risk manager Jose Martinez Garcia was sentenced to two years, nine months and a day. Spain's savings banks, usually controlled by local governments or other public authorities, were hit hard by a 2008 property crash, after which many of their ill-advised real estate investments turned sour.
By Danilo Masoni MILAN (Reuters) - Spanish stocks lagged a steady European market on Monday as uncertainty over the Catalonia crisis and a profit warning from renewables energy firm Siemens Gamesa weighed. ...
Catalan leader Carles Puigdemont will speak in the regional parliament next Tuesday, a parliamentary spokeswoman said on Friday. Catalan parliamentary leaders will meet at 1330 GMT on Friday to decide the timing on this speech. It was unclear whether the meeting of the parliament scheduled for Monday to discuss the result of the banned referendum on splitting from Spain and a potential declaration of independence would still go ahead.
Spain's Constitutional Court has suspended a session of the Catalan parliament scheduled for Monday in which local leaders were expected to declare Catalonia's unilateral independence from Spain. The ruling ...
European shares fell on Wednesday with Spain's IBEX marking its biggest loss since last year's Brexit vote shook equity markets. The impact of the crisis in Catalonia spread from Madrid and Spanish banks to the wider industry and euro zone region, particularly Italy. The pan-European STOXX 600 (.STOXX) index was down 0.1 percent at its close while Spain's IBEX (.IBEX) posted a 2.9 percent loss.
LONDRA, 4 ottobre - INDICI ORE 12,12 VAR % CHIUS. 2016 EUROSTOXX50 3587,08 -0,52 3290,52 STOXX EUROPE 600 389,64 -0,28 361,42 STOXX BANCHE 187,18 -1,16 170,27 STOXX OIL&GAS 305,87 -0,71 322,47 STOXX ASSICURAZIONI ...