The Spanish government is in no hurry to sell its 16% stake in Caixabank, Economy Minister Nadia Calvino said in an interview with Expansion newspaper. “We are not in a hurry to do that,” he said in an interview published today when asked if the government plans to release its stake in Caixabank. The Spanish […]
Tag: Bankia
Iberdrola, Acciona and Repsol, the Ibex35 companies with the best presence in networks
Iberdrola (with a 36.66% share of interactions), Acciona (20.63%) and Repsol (6.95%) led the ranking Epsilon Icarus Analytics Ibex35 2020, developed by Epsilon Technologies to measure the impact of companies on social media. Santander (5.70%), Mapfre (5.10%), Telefónica (3.75%), Meliá (2.90%), Bankia (2.53%), Endesa (2.49%) and Aena (1.89%) completed the top 10. Regarding networks, Facebook […]
The Supreme Court confirms that Jaime Botín could not export the Picasso that has cost him a conviction for smuggling
The Contentious-Administrative Chamber of the Supreme Court has confirmed the judgments of the National Court which, in turn, confirmed the resolutions of the Ministry of Culture by which it denied the former president of Bankinter Jaime Botín the permission to export the painting ‘Young Woman’s Head’by Pablo Picasso. For the moment the ruling has been […]
The Government extends the divestment period in Bankia by two years
The Council of Ministers has extended the deadline for the third time divest your stake in Bankia. This time, in two years (that is, until December 2023). The idea is to maximize the recovery of the public aid it injected. The Government Spokesperson MarÃa Jesus Montero has communicated the decision in the press conference after […]
Ayuso says that companies are fleeing Catalonia, where “the freedom of families and companies is trampled on”
President Isabel DÃaz Ayuso took advantage of her intervention in the Awards for the Best Entrepreneurs of Madrid, awarded by Actualidad Económica and Telva, to remind that free societies must recognize the “act of courage” that being a businessman supposes, “without falling into the old political temptation to control or direct anyone”. This vague and […]
Bank of Spain inspectors warn: “Mergers may be creating banks that are almost impossible to rescue.”
The disturbing letter to Parliament from the association brings together the bulk of the Inspection. They warn that mistakes from the past are being repeated in the new wave of bank mergers and that the pandemic accentuates “the vulnerability” of the system “Our country has already embarked on a relevant concentration process, so the implementation […]
Bankia earns 57.6% less after providing 505 million for Covid-19
Bankia obtained a net profit of 230 million euros last year, which represents a 57.6% year-on-year fall after having made 505 million in extraordinary provisions to face the situation created by the pandemic of the Covid-19. Despite the burden of extraordinary provisions, its ‘core’ result increased by 3.8% (net interest and commissions margin, less operating […]
The weight of trade and the low technological intensity of the industry limit the response of the economy to Covid
He strong weight of trade and low technological intensity of the industry of the Valencian Community limit the response of the region’s economy to Covid-19, according to the latest report of the Observatory on Government, Strategy and Competitiveness of Companies (GECE), promoted by Bankia and the Valencian Institute of Economic Research (Ivie), in which the […]
Santander, Inditex, AENA and Red Eléctrica, among the 56 Spanish listed companies to which the ‘Tobin rate’ will be applied
The Tax agency has encrypted in 56 the number of listed Spanish companies whose shares, as of December 16, 2020, had a market capitalization value of more than 1,000 million euros and whose purchase of titles will be applied the new tax on financial transactions, known as ‘tasa Tobin’. This is clear from the list […]
The shareholders of CaixaBank and Bankia approve the creation of the ‘superbank’
The CaixaBank Shareholders’ Meeting approved this Thursday the absorption of Bankia to create the largest bank in the country. The ‘green light’ of the owners of the Catalan group – added to that of the Bankia shareholders last Tuesday – means the backlog for the operation to close in the first quarter of 2021 if […]