Caixabank SA has entered into an agreement with VidaCaixa SAU subsidiary to acquire a stake in the insurance company Sa Nostra Compania de Seguros de Vida from Caja de Seguros Reunidos Compania de Seguros y Reaseguros for 262 million euros, in a move that is expected to strengthen insurance companies. activities of Caixabank, after the […]
Tag: CaixaBank
CaixaBank: The new strategic goals for the period 2022-2024
CaixaBank has announced its strategic plan for 2022-2024 which includes setting a target for increasing shareholder returns through increased core income and cost savings achieved after its merger with Bankia. The Spanish bank stressed that it expects to raise funds of 9 billion Euros during the period, including dividends with a repayment rate of more […]
For the second time, an investigation is launched against the president of Repsol for espionage
Spain’s Supreme Court on Monday placed Antonio Brufau, president of the oil company Repsol, and Isidro Faine, former president of the Spanish Caixabank, under formal investigation for the second time as part of a spying case, Reuters reported. Judge Manuel Garcia Castellon last year rejected an investigation into Brufau, Faine, Repsol and Caixabank, but three […]
Caixabank: Recurring quarterly profits fell 51%
The Spanish Caixabank announced that the recurring profits for the quarter of 2021, decreased by 51% compared to last year, due to the lower extraordinary profits. Caixabank, which closed its € 4.3 billion acquisition of Bankia in March in a defense deal to better deal with extremely low interest rates and the pandemic, announced € […]
Spain: The government is in no hurry to sell its stake in Caixabank
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 […]
Operators launch into finance: MásMóvil will offer loans of up to 60,000 euros
MasMovil breaks into the consumer credit sector, which will reach up to 60,000 euros for its clients through MoneyGo. The operator, which controls the Xfera Consumer Finance company in which Cetelem also participates, enters into new financial services, which will include another service such as debit cards foreseeably before the end of the year . […]
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 […]
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 […]
95% of Ibero-American companies are willing to collaborate with the competition to overcome systemic challenges
The covid crisis It has caused a radical change in the business world since its consequences have focused on the need for companies to implement action plans in RSC (Corporate social responsibility) and in the sustainability. The trend has led to 95% of Ibero-American companies are willing to collaborate with your competition to overcome the […]