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Bankia SA (BKIA.MC)

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

2.35EUR
22 Mar 2019
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€-0.07 (-2.89%)
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Latest Key Developments (Source: Significant Developments)

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

Bankia Confirms It Is In Talks For Sale Of Real Estate And Bad Loan Portfolios
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Bankia SA ::CONFIRMS THAT IT IS IN NEGOTIATIONS FOR SALE OF A PORTFOLIO OF FORECLOSED REAL ESTATE ASSETS AND PORTFOLIO OF DOUBTFUL DEBTS.  Full Article

Spain's Bankia CEO says aim is to continue to privatise bit by bit
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Bankia SA CEO Jose Sevilla::Says the plan is to continue to privatise the bank bit by bit although current market conditions complicate the sale.The government has until the end of 2019 to sell off the 61 percent stake it holds.  Full Article

Bankia 9-Month Net Profit At 744 Mln Euros
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Bankia SA ::9-MONTH NET PROFIT 744 MILLION EUROS.9-MONTH NET INTEREST INCOME 1.54 BILLION EUROS.Q3 NET INTEREST INCOME 495 MILLION EUROS.Q3 NET PROFIT 229 MILLION EUROS.CET1 FULLY LOADED CAPITAL RATIO 12.46 PERCENT AT END-SEPT.BAD LOAN RATIO 7.8 PERCENT AT END-SEPT.ROE PROFITABILITY RATIO 7.9 PERCENT AT END-SEPT.  Full Article

Bankia Q2 Net Profit Up At 285 Mln Euros
Thursday, 26 Jul 2018 

July 26 (Reuters) - Bankia SA ::CET1 FULLY LOADED CAPITAL RATIO 12.7 PERCENT AT END-JUNE.H1 NET INTEREST INCOME 1.05 BILLION EUROS.H1 NET PROFIT 515 MILLION EUROS.ROE PROFITABILITY RATIO 8.3 PERCENT AT END-JUNE.Q2 NET INTEREST INCOME 521 MILLION EUROS.Q2 NET PROFIT 285 MILLION EUROS.BAD LOAN RATIO 8.1 PERCENT AT END-JUNE.  Full Article

Aviva Agrees To Sell 50 Pct Shareholding In Pelayo Vida To Santalucía
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Aviva PLC ::AVIVA COMPLETES EXIT FROM SPAIN.ALSO AGREED SALE OF ITS 50% SHAREHOLDING IN SPANISH LIFE INSURANCE OPERATION, PELAYO VIDA 5 , TO SANTALUCÍA.COMPLETED SALE OF ITS ENTIRE SHAREHOLDING IN LIFE INSURANCE AND PENSIONS JOINT VENTURES, CAJAMURCIA VIDA AND CAJA GRANADA VIDA , TO BANKIA.FINAL CONSIDERATION OF TRANSACTION WITH BANKIA IS EUR 203 MILLION (£179 MILLION).  Full Article

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Spain's Bankia sticks to 1.3 billion euro profit target for 2020

VALENCIA, Spain State-owned Spanish lender Bankia will meet its net profit target of 1.3 billion euros ($1.48 billion) in 2020 despite low interest rates, its chairman said on Thursday.