Edition:
India

Bankia SA (BKIA.MC)

BKIA.MC on Madrid SE C.A.T.S.

1.02EUR
9 Jul 2020
Change (% chg)

€-0.01 (-0.59%)
Prev Close
€1.02
Open
€1.04
Day's High
€1.05
Day's Low
€1.02
Volume
6,019,425
Avg. Vol
12,727,658
52-wk High
€2.16
52-wk Low
€0.72

Latest Key Developments (Source: Significant Developments)

Bankia Closes Sale Of Its 15% Stake In CASER For 181.8 Mln Euros
Thursday, 25 Jun 2020 

June 25 (Reuters) - Bankia SA ::SOLD ITS 15% STAKE IN Y CAJA DE SEGUROS REUNIDOS, COMPAÑÍA DE SEGUROS Y REASEGUROS, S.A. ("CASER") TO HELVETIA SCHWEIZERISCHE VERSICHERUNGSGESELLSCHAFT AG.FINAL PRICE SALE OF ITS STAKE IN CASER IS 181.8 MILLION EUROS AND IT WILL HAVE ESTIMATE POSITIVE IMPACT ON GROUP'S CAPITAL OF 13 BASIS POINTS.  Full Article

Bankia Reaches Deal With Cecabank For Transfer Of Its Depository Business For 170 Mln Euros
Friday, 29 May 2020 

May 29 (Reuters) - Bankia SA ::SAYS HAS REACHED AN AGREEMENT WITH CECABANK FOR TRANSFER OF ITS COLLECTIVE INVESTMENT SCHEMES AND PENSION FUND DEPOSITORY BUSINESS FOR 170 MILLION EUROS.INVESTMENT SCHEMES AND PENSION FUND DEPOSITORY BUSINESS INCLUDE A VOLUME UNDER DEPOSIT OF ABOUT 26 BILLION EUROS.  Full Article

Bankia's CEO Says Does Not Expect The Bank To Book A Loss In 2020
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Chief Executive Officer of Spain's Bankia , Jose Sevilla::SAYS DOES NOT EXPECT THE BANK TO BOOK A LOSS IN 2020.  Full Article

Bankia Says Business Plan Of JV With Credit Agricole Will Be Delayed
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Chief Executive Officer of Spain's Bankia , Jose Sevilla::SAYS IT IS NOT BEST MOMENT NOW FOR STATE TO FURTHER DIVEST STAKES IN BANKIA OR CONSIDER ANY ALTERNATIVES OF PRIVATIZATION.SAYS BUSINESS PLAN OF SOYOU, JOINT VENTURE COMPANY WITH CREDIT AGRICOLE <<>> IN CONSUMER FINANCE, WILL BE DELAYED DUE TO CURRENT CIRCUMSTANCES.EXPECTS COST OF RISK TO HOVER AROUND 60 BASIS POINTS THROUGHOUT 2020.  Full Article

Spain's Bankia CEO Says Will Keep Setting Aside Provisions Throughout 2020 Due To Coronavirus
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Chief Executive Office Of Spain's Bankia , Jose Sevilla::SAYS BANK WILL KEEP SETTING ASIDE PROVISIONS THROUGHOUT 2020 DUE TO THE CORONAVIRUS OUTBREAK.  Full Article

Bankia's CFO Sees Core Tier-1 Capital Ratio To Hover Around 13% Throughout 2020
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Chief Financial Officer Of Spain's Bankia , Leopoldo Alvear::SEES BANK'S CORE TIER-1 CAPITAL RATIO TO HOVER AROUND 13% THROUGHOUT 2020.  Full Article

CFO Of Spain's Bankia Says Expects Gradual Recovery In NII Over The Coming Quarters
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Chief Financial Officer's Spain's Bankia , Leopoldo Alvear::SAYS EXPECTS GRADUAL RECOVERY IN NET INTEREST INCOME OVER THE COMING QUARTERS.  Full Article

Bankia Q1 Net Profit Down 54% At 94 Mln Euros YoY
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Bankia SA ::SAYS Q1 NET INTEREST INCOME 458 MILLION EUROS.SAYS FULLY-LOADED CORE TIER 1 CAPITAL RATIO 12.95% AT END-MARCH.SAYS Q1 NET PROFIT 94 MILLION EUROS.SAYS BAD LOAN RATIO 4.9% AT END-MARCH.SAYS ROE PROFITABILITY RATIO 3.0% AT END-MARCH.SAYS Q1 NET PROFIT BEFORE TAX PRE COVID-19 PROVISION 247 MILLION EUROS.SAYS SETS ASIDE EXTRAORDINARY PROVISION OF 125 MILLION EUROS TO DEAL WITH POSSIBLE EFFECTS OF COVID-19.  Full Article

Bankia Cancels Any Extraordinary Distribution For Current Exercise
Friday, 27 Mar 2020 

March 27 (Reuters) - Bankia SA ::SAYS FORSAKES ANY EXTRAORDINARY DISTRIBUTION FOR CURRENT EXERCISE AND ANTICIPATES EXTREMELY PRUDENT CRITERIA WHEN SETTING THE EVENTUAL DIVIDEND FOR FY2020.DECISION DOES NOT AFFECT REMUNERATION OF ADDITIONAL TIER I INSTRUMENTS IN CIRCULATION, WHICH WILL CONTINUE BEING PAID ACCORDING TO PREVAILING REGULATORY AND SUPERVISORY FRAMEWORKS.ACTION TAKES PLACE AS MEASURE TO PROVIDE ENTITY WITH MAXIMUM FLEXIBILITY TO MEET FINANCING NEEDS OF SPANISH HOUSEHOLDS AND CORPORATES UNDER CURRENT CIRCUMSTANCES.  Full Article

Bankia Recommends Remote Voting To Its Shareholders Due To Unpredictable Evolution Of Coronavirus
Wednesday, 11 Mar 2020 

March 11 (Reuters) - Bankia SA ::SAID ON TUESDAY IN VIEW OF THE UNPREDICTABLE EVOLUTION OF CORONAVIRUS DISEASE, BANKIA RECOMMENDS ITS SHAREHOLDERS TO USE ELECTRONIC MEANS AND TO VOTE REMOTELY, AVOIDING PHYSICAL ATTENDANCE AT THE SHAREHOLDERS' MEETING .TO HOLD GENERAL SHAREHOLDERS' MEETING ON MARCH 27.  Full Article

UPDATE 1-Spanish banks reopen branches with staff gradually returning to work

MADRID, May 11 Spanish banks such as BBVA and Santander are reopening branches and letting staff return to work, although employees at their headquarters will still mainly work remotely as the country starts to ease lockdown measures.