Inactive Instrument

Bankia SA BME

Equities

ES0113307021

End-of-day quote BME Other stock markets
- ^EUR	-

2021	Mapfre Sells 51% Bankia Vida Stake to JV Partner Caixabank in $648 Million Deal	MT
2021	CaixaBank S A : Capital Buffer to Rise Following Bankia Merger	MT

Bankia : Spain Bankia plans sale of real estate portfolio worth 4.8 billion euros

May 06, 2015 at 05:46 am EDT

MADRID (Reuters) - Spain's state-rescued lender Bankia (>> Bankia SA) has appointed Credit Suisse (>> Credit Suisse Group AG) and KPMG [KPMG.UL] to find institutional investors interested in its 4.8 billion euro (4 billion pound) real estate portfolio, a spokesman for the bank said on Wednesday.

Talks are at a preliminary stage and a sale depends on market conditions and demand, the spokesman said, confirming a report in newspaper Expansion. He added that Bankia is prepared to sell the portfolio in parts or as a whole.

The Spanish real estate sector is showing signs of a slow return to growth after a property bubble burst in 2008, putting millions out of a work and forcing the government into a multibillion-euro bailout for its battered banks.

The Bankia portfolio, offered to about 50 investors, consists mostly of housing in Madrid, Barcelona and Valencia but also includes offices and commercial real estate across the country.

(Reporting by Carlos Ruano; Writing by Paul Day; Editing by David Goodman)

Stocks treated in this article : Credit Suisse Group AG, Bankia SA

Latest news about Bankia SA

Mapfre Sells 51% Bankia Vida Stake to JV Partner Caixabank in $648 Million Deal	21-12-29	MT
CaixaBank S A : Capital Buffer to Rise Following Bankia Merger	21-07-29	MT
CaixaBank S A : sells Bankia businesses to Global Payments for 277 million euros	21-07-09	RE
CaixaBank S A : To Sell Two Former Bankia Units For $328 Million	21-07-09	MT
Caixabank to cut 6,450 jobs in Spain's biggest banking staff overhaul	21-07-01	RE
CaixaBank S A : offers to limit job losses to 6,750 as staff strike	21-06-29	RE
CaixaBank S A : Strike Pushes Spain's CaixaBank to Reduce Planned Layoffs by Over 1,300	21-06-22	MT
CaixaBank S A : to reduce planned job cuts by 1,300 following strike	21-06-22	RE
Stoxx Europe 600 : European Shares End Largely Higher Ahead of US Fed Meeting	21-06-16	MT
Banco de Sabadell S A : Spanish Anti-Competition Watchdog Launches Probe Against Big Banks	21-06-16	MT
Spain's Competition Watchdog Investigates Four Banks Over State-Backed Covid-19 Loans -- Update	21-06-16	DJ
Spain's Competition Watchdog Investigates Four Banks Over State-Backed Covid-19 Loans	21-06-16	DJ
CaixaBank S A : Spain's BBVA to cut 2,935 jobs, close 480 branches	21-06-08	RE
Stoxx Europe 600 : European Stocks End Mixed Amid Higher Services PMIs, UK Travel List Update	21-06-03	MT
Credit Agricole S A : Crédit Agricole Takes on Spanish Market With SoYou Buy	21-06-03	MT
Credit Agricole S A : Crédit Agricole Takes Over Full Ownership of Consumer Credit Subsidiary SoYou in Spain	21-06-03	MT
Crédit Agricole Consumer Finance S.A. completed the acquisition of remaining 49% stake in SOYOU from Bankia, S.A..	21-06-02	CI
Caixabank staff protest Spanish layoffs as executives' pay divides shareholders	21-05-14	RE
CaixaBank S A : staff protest Spanish layoffs as executives' pay divides shareholders	21-05-14	RE
CaixaBank S A : Employees Protest Against Job Cuts As Shareholders Meet To Vote On Executives' Pay	21-05-14	MT
BBVA Looks to Cut Roughly 3,800 Jobs	21-04-22	DJ
Stoxx Europe 600 : European Stocks End Lower As Euro, Pound Sterling Rally Against US Dollar	21-04-20	MT
CaixaBank S A : Aims To Cut 8,291 Jobs Following $5.18 Billion Bankia Merger	21-04-20	MT
Market Chatter: CaixaBank To Ax 7,000 Jobs Following $5.1 Billion Bankia Merger	21-04-14	MT
Bankia, S.A.(BME:BKIA) dropped from FTSE All-World Index	21-03-30	CI

Chart Bankia SA

Duration

Period

More charts

Company Profile

Bankia, S.A. is a banking group organized around three areas of activity: - retail banking (63.5% of Net Interest Income): sales of standard and specialized banking products (consumer credit, insurance, etc.); - business banking (19.7%); - other (16.8%). At the end of 2019, the group was managing EUR 124.8 billion in current deposits and EUR 117.4 billion in current loans. Products and services are marketed via a network of 2,275 branches located in Spain.

Sector

More about the company