Bankia Q3 net profit falls 79% on Covid-19 provisions Spain's Bankia said today that its third quarter net profit fell 79% from the same time a year ago after it set aside €155m in extraordinary provisions to cover the potential impact of the COVID-19 pandemic on its books. Business • 28 Oct 20
Bankia Q3 net profit falls 79% on Covid-19 provisions Spain's Bankia said today that its third quarter net profit fell 79% from the same time a year ago after it set aside €155m in extraordinary provisions to cover the potential impact of the COVID-19 pandemic on its books. Business • 28 Oct 20
Caixabank values Bankia at €4.3 billion in Spanish deal Spain's Caixabank has valued state-owned Bankia at €4.3 billion as part of an all-in share deal that will create Spain's biggest domestic bank with more than €664 billion in total assets. Business • 18 Sep 20
Caixabank values Bankia at €4.3 billion in Spanish deal Spain's Caixabank has valued state-owned Bankia at €4.3 billion as part of an all-in share deal that will create Spain's biggest domestic bank with more than €664 billion in total assets. Business • 18 Sep 20
Main shareholders in Caixabank, Bankia give merger OK The main shareholders in Spanish lenders Bankia and Caixabank have given their blessing to a merger aimed at creating Spain's biggest domestic bank, two sources with knowledge of the matter told Reuters today. Business • 16 Sep 20
Main shareholders in Caixabank, Bankia give merger OK The main shareholders in Spanish lenders Bankia and Caixabank have given their blessing to a merger aimed at creating Spain's biggest domestic bank, two sources with knowledge of the matter told Reuters today. Business • 16 Sep 20
Spanish banks Caixabank and Bankia in talks to merge Spanish banks Bankia and Caixabank are considering a merger to create the biggest lender in Spain with more than €650 billion in total assets, the banks said. Business • 04 Sep 20
Spanish banks Caixabank and Bankia in talks to merge Spanish banks Bankia and Caixabank are considering a merger to create the biggest lender in Spain with more than €650 billion in total assets, the banks said. Business • 04 Sep 20
Bankia Q1 net profit drops on lower trading income Spain's state-owned lender Bankia today posted a 10.8% drop in first-quarter net profit from a year earlier due to lower trading income and ongoing pressure on lending income. Business • 29 Apr 19
Bankia Q1 net profit drops on lower trading income Spain's state-owned lender Bankia today posted a 10.8% drop in first-quarter net profit from a year earlier due to lower trading income and ongoing pressure on lending income. Business • 29 Apr 19
Spain's Bankia 2018 profit jumps 40% despite Q4 loss Spain's Bankia has today posted an almost 40% rise in full-year net profit in 2018. Business • 28 Jan 19
Spain's Bankia 2018 profit jumps 40% despite Q4 loss Spain's Bankia has today posted an almost 40% rise in full-year net profit in 2018. Business • 28 Jan 19
Spanish banks beat forecasts despite lending challenges Spanish banks BBVA and Caixabank today bettered first-quarter net profit forecasts helped by overseas markets which offset a squeeze on lending income at home. Business • 27 Apr 18
Spanish banks beat forecasts despite lending challenges Spanish banks BBVA and Caixabank today bettered first-quarter net profit forecasts helped by overseas markets which offset a squeeze on lending income at home. Business • 27 Apr 18
Spain's Bankia posts 23% fall in 2016 profits Spain's Bankia's profit fell 23% in 2016 due to low interest rates and additional charges related to mis-sold mortgages that hit its profitability ratio. Business • 30 Jan 17
Spain's Bankia posts 23% fall in 2016 profits Spain's Bankia's profit fell 23% in 2016 due to low interest rates and additional charges related to mis-sold mortgages that hit its profitability ratio. Business • 30 Jan 17
Bad debt drop lifts Spain's Bankia but bills loom Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40% rise in net profit for 2015, although a rising legal bill linked to its troubled flotation is clouding its outlook. Business • 01 Feb 16
Bad debt drop lifts Spain's Bankia but bills loom Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40% rise in net profit for 2015, although a rising legal bill linked to its troubled flotation is clouding its outlook. Business • 01 Feb 16
Spain's Bankia Q1 profits beat expectations Spain's state-rescued lender Bankia has posted a 12.8% increase in first-quarter net profit to €244m, beating analysts' forecast. Business • 27 Apr 15
Spain's Bankia Q1 profits beat expectations Spain's state-rescued lender Bankia has posted a 12.8% increase in first-quarter net profit to €244m, beating analysts' forecast. Business • 27 Apr 15
Spain probes suspected misuse of bank credit cards Spanish authorities are investigating dozens of former executives and board members of former Spanish savings bank Caja Madrid over the alleged use of company credit cards for personal expenses. Business • 03 Oct 14
Spain probes suspected misuse of bank credit cards Spanish authorities are investigating dozens of former executives and board members of former Spanish savings bank Caja Madrid over the alleged use of company credit cards for personal expenses. Business • 03 Oct 14
Bankia posts biggest loss in Spanish history Spain's bailed-out Bankia has posted record losses of €19.2 billion in 2012, the biggest ever suffered by a Spanish company. Business • 28 Feb 13
Bankia posts biggest loss in Spanish history Spain's bailed-out Bankia has posted record losses of €19.2 billion in 2012, the biggest ever suffered by a Spanish company. Business • 28 Feb 13
Bank aid money finally arrives in Spain The Spanish government said today that the €39.5 billion in bailout funds approved by European authorities for the country's troubled banks has arrived. Business • 12 Dec 12
Bank aid money finally arrives in Spain The Spanish government said today that the €39.5 billion in bailout funds approved by European authorities for the country's troubled banks has arrived. Business • 12 Dec 12
Spain's rescued banks to shrink, cut jobs Spain's four nationalised banks will more than halve their balance sheets in five years, slash jobs and impose hefty losses on bondholders. Business • 28 Nov 12
Spain's rescued banks to shrink, cut jobs Spain's four nationalised banks will more than halve their balance sheets in five years, slash jobs and impose hefty losses on bondholders. Business • 28 Nov 12
Fraud case brought against 33 Bankia officials A Spanish court opened a fraud case on Wednesday against former executives of state-rescued lender Bankia, including one-time IMF chief Rodrigo Rato. Business • 04 Jul 12
Fraud case brought against 33 Bankia officials A Spanish court opened a fraud case on Wednesday against former executives of state-rescued lender Bankia, including one-time IMF chief Rodrigo Rato. Business • 04 Jul 12
EU approves aid and guarantees for Bankia The European Union's executive arm approved a €4.5 billion package of Spanish state aid and a €19 billion guarantee from Madrid for troubled Bankia. Business • 27 Jun 12
EU approves aid and guarantees for Bankia The European Union's executive arm approved a €4.5 billion package of Spanish state aid and a €19 billion guarantee from Madrid for troubled Bankia. Business • 27 Jun 12
Spanish PM Rajoy seeks to allay bailout fears Spanish Prime Minister Mariano Rajoy has tried to play down fears the country would need an international bailout. News • 05 Jun 12
Spanish PM Rajoy seeks to allay bailout fears Spanish Prime Minister Mariano Rajoy has tried to play down fears the country would need an international bailout. News • 05 Jun 12
EU urges Spain to explain Bankia rescue The European Union has urged Spain to rapidly clear up doubts over its mammoth rescue of stricken lender Bankia so as to calm investors fearing a financial breakdown. Business • 31 May 12
EU urges Spain to explain Bankia rescue The European Union has urged Spain to rapidly clear up doubts over its mammoth rescue of stricken lender Bankia so as to calm investors fearing a financial breakdown. Business • 31 May 12
Spanish debt costs spiral as crisis deepens Spanish 10 year borrowing costs neared the 7% danger level and Bankia shares hit record lows today. Business • 28 May 12
Spanish debt costs spiral as crisis deepens Spanish 10 year borrowing costs neared the 7% danger level and Bankia shares hit record lows today. Business • 28 May 12
Bankia shares suspended ahead of rescue details Shares in Spain's fourth-biggest lender Bankia SA have been suspended on the Madrid stock exchange today. Business • 25 May 12
Bankia shares suspended ahead of rescue details Shares in Spain's fourth-biggest lender Bankia SA have been suspended on the Madrid stock exchange today. Business • 25 May 12
Spain pumps €9bn into fourth-biggest bank Bankia Spain's economy minister says the government will pump at least €9 billion of public money into nationalized lender Bankia. Business • 24 May 12
Spain pumps €9bn into fourth-biggest bank Bankia Spain's economy minister says the government will pump at least €9 billion of public money into nationalized lender Bankia. Business • 24 May 12
Spain govt to pump €9 billion into Bankia Spain's economy minister says the government will pump at least €9 billion of public money into nationalized lender Bankia so it can meet new capital requirements. Business • 23 May 12
Spain govt to pump €9 billion into Bankia Spain's economy minister says the government will pump at least €9 billion of public money into nationalized lender Bankia so it can meet new capital requirements. Business • 23 May 12
Spain govt denies massive withdrawals from Bankia The Spanish government have denied a newspaper report today that customers had withdrawn more than €1 billion euros from the partly nationalised lender Bankia over the past week. Business • 18 May 12
Spain govt denies massive withdrawals from Bankia The Spanish government have denied a newspaper report today that customers had withdrawn more than €1 billion euros from the partly nationalised lender Bankia over the past week. Business • 18 May 12
Spain's troubled Bankia plunges on audit questions Spain's Bankia, taken over by the state because of its troubled loan portfolio, plummeted on the stock market today after an audit raised questions over its 2011 results. Business • 16 May 12
Spain's troubled Bankia plunges on audit questions Spain's Bankia, taken over by the state because of its troubled loan portfolio, plummeted on the stock market today after an audit raised questions over its 2011 results. Business • 16 May 12
Spanish banks' borrow record sum from ECB Spain's banks boosted borrowing from the European Central Bank to a new record in April, as they took advantage of emergency cheap loans. Business • 14 May 12
Spanish banks' borrow record sum from ECB Spain's banks boosted borrowing from the European Central Bank to a new record in April, as they took advantage of emergency cheap loans. Business • 14 May 12
