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Bankia SA (BKIA.MC)

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

1.66EUR
7:13pm IST
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Latest Key Developments (Source: Significant Developments)

Bankia to fall short of 2020 profit target due to low interest rates -CEO
Monday, 29 Jul 2019 

July 29 (Reuters) - Bankia SA Chief Executive Officer Jose Sevilla says::BANK DOES NOT EXPECT TO HIT NET PROFIT TARGET OF 1.3 BILLION EURO IN 2020 DUE TO LOWER INTEREST RATES ENVIRONMENT."WE WILL STICK BELOW 1.3 BILLION EUROS ... SOMETHING THAT WOULDN'T SURPRISE THE MARKET.".  Full Article

Bankia H1 Net Profit Down 22% YoY
Monday, 29 Jul 2019 

July 29 (Reuters) - Bankia SA ::Q2 NET PROFIT 195 MILLION EUROS.Q2 NET INTEREST INCOME 516 MILLION EUROS.H1 NET PROFIT 400 MILLION EUROS.H1 NET INTEREST INCOME 1.02 BILLION EUROS.FULLY-LOADED CORE TIER 1 CAPITAL RATIO 12.91% AT END-JUNE.BAD LOAN RATIO 5.7% AT END-JUNE.ROE PROFITABILITY RATIO 6.3% AT END-JUNE.  Full Article

Bankia Closes 2.70 Bln Euro Bad Credit Transfer Deal With Lone Star
Friday, 26 Jul 2019 

July 26 (Reuters) - Bankia SA ::CLOSES AGREEMENT WITH LONE STAR FUND XI TO TRANSFER A PORTFOLIO OF FORECLOSED REAL ESTATE ASSETS AND NON-PERFORMING MORTGAGES LOANS.FORECLOSED REAL ESTATE ASSETS WITH GROSS BOOK VALUE OF ABOUT 1.42 BILLION EUROS.NON-PERFORMING MORTGAGE LOAN PORTFOLIO HAS A GROSS BOOK VALUE OF ABOUT 1.28 BILLION EUROS.FINAL SCOPE OF DEAL REPRESENTS A SLIGHT REDUCTION VERSUS INITIALLY ANNOUNCED ONE.DEAL TO HAVE POSITIVE IMPACT ON CET 1 FULLY LOADED CAPITAL RATIO OF ABOUT 8 BPS.  Full Article

Bankia Q1 Net Profit At 205 Million Euros
Monday, 29 Apr 2019 

April 29 (Reuters) - Bankia SA ::Q1 NET INTEREST INCOME 502 MILLION EUROS.Q1 NET PROFIT 205 MILLION EUROS.CET1 FULLY LOADED CAPITAL RATIO 12.61 PERCENT AT END-MARCH.BAD LOAN RATIO 6.2 PERCENT AT END-MARCH.ROE PROFITABILITY RATIO 6.6 PERCENT AT END-MARCH.  Full Article

Bankia Closes Deal With Mapfre For Restructuring Of Bancassurance Business
Monday, 1 Apr 2019 

April 1 (Reuters) - Bankia ::SAYS CLOSES AGREEMENT WITH MAPFRE FOR RESTRUCTURING PROCESS OF BANCASSURANCE BUSINESS.SAYS THE PRICE OF THE OPERATION AMOUNTS TO A TOTAL OF 110.3 MILLION EUROS.CLOSING OF TRANSACTION IMPLIES COMPLETION OF RESTRUCTURING PROCESS OF BANCASSURANCE BUSINESS LAUNCHED BY BANKIA.  Full Article

Bankia Completes Placement Of 1 Bln Euro Issue Of Subordinated Notes
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Bankia SA ::COMPLETES PLACEMENT OF A 1 BILLION EUROS ISSUE OF SUBORDINATED NOTES.NOTES WILL ACCRUE INTEREST FROM DATE OF ISSUE (INCLUSIVE) UNTIL FEBRUARY 15, 2024 (EXCLUSIVE) AT A RATE OF 3.750 PERCENT PER YEAR.FROM FEBRUARY 15, 2024 NOTES WILL BEAR FIXED ANNUAL INTEREST AT THEN PREVAILING 5-YEAR EUR MID SWAP RATE, PLUS A MARGIN OF 3.624 PERCENT.FINAL MATURITY DATE OF THE ISSUANCE WILL TAKE PLACE ON FEBRUARY 15, 2029.  Full Article

Bankia Q4 Net Loss At 40 Million Euros
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Bankia SA ::Q4 NET INTEREST INCOME 507 MILLION EUROS.Q4 NET LOSS 40 MILLION EUROS.FY NET INTEREST INCOME 2.05 BILLION EUROS.FY NET PROFIT 703 MILLION EUROS.CET1 FULLY LOADED CAPITAL RATIO 12.39 PERCENT AT END-DEC.BAD LOAN RATIO 6.5 PERCENT AT END-DEC.ROE PROFITABILITY RATIO 5.6 PERCENT AT END-DEC.  Full Article

Spain's government extends sale period for Bankia stake to 2021
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Spain's government says: :It has extended the sale period for its stake in Bankia to 2021 from 2019.  Full Article

Bankia Reaches Deal With Lone Star To Transfer NPLs For Gross Book Value Of 3.07 Bln Euros
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Bankia SA ::REACHES DEAL WITH LONE STAR FUND XI TO CONSTITUTE A COMPANY AND TRANSFER A PORTFOLIO OF NPLS FOR A TOTAL GROSS BOOK VALUE OF 3.07 BILLION EUROS.FORECLOSED ASSETS PORTFOLIO HAS GROSS BOOK VALUE OF 1,650 MILLION EUROS AND NONPERFORMING LOANS PORTFOLIO OF 1,420 MILLION EUROS.IT IS EXPECTED THAT THE TRANSACTION WILL BE CLOSED DURING Q2 2019.SEES COST SAVINGS FROM DEAL AT OVER 200 MILLION EUROS BEFORE TAXES DURING 3 YEARS AFTER CLOSING THE DEAL.TRANSACTION REQUIRES RECOGNITION IN 2018 OF ADDITIONAL PROVISIONS OF ABOUT 85 MILLION EUROS.AT CLOSING DATE, THERE WILL BE A POSITIVE EFFECT ON THE CET1 FL CAPITAL RATIO OF ABOUT 12 BPS.TRANSACTION TOGETHER WITH ORGANIC REDUCTION OF NPLS EXPECTED FOR 2018 TO RESULT IN REDUCTION OF NPAS WITH GROSS BOOK VALUE OF 6.00 BILLION EUROS.DEAL TO ACCELERATE BY ONE YEAR THE NPA REDUCTION TARGET SET IN THE 2018- 2020 STRATEGIC PLAN.  Full Article

Kruk's Unit To Buy Liabilities Of Total Nominal Value Of c.EUR 246 Mln
Friday, 14 Dec 2018 

Dec 14 (Reuters) - KRUK SA ::ITS UNIT, INVESTCAPITAL LTD., SIGNS AN AGREEMENT TO ACQUIRE LIABILITIES OF TOTAL NOMINAL VALUE OF ABOUT EUR 246 MILLION FROM BANKIA SA <<>> AND BFA TENEDORA DE ACCIONES S.A.U..  Full Article

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Spanish mortgage index used during crisis could be deemed abusive: ECJ advisor

MADRID The IRPH mortgage price index used during Spain's property crisis and blamed for home buyers being overcharged billions of euros could be considered abusive when not presented clearly, the advocate general of the European Court of Justice said on Tuesday.