Bankia SA (BKIA.MC) Key Developments |
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Bankia SA (BKIA.MC)

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

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Latest Key Developments (Source: Significant Developments)

Bankia SA - Spanish court to probe Bankia predecessor over mortgages - Reuters News
Wednesday, 30 Mar 2016 06:47am EDT 

Bankia SA:Spain's High Court said on Wednesday it will investigate Caja Madrid, now part of state-owned lender Bankia, over allegations it over-valued mortgages in the years before the country's housing crisis - RTRS.The court will look at whether the saving bank "systematically" inflated the value of mortgaged property between 2002 and 2007 to issue bigger loans, creating a high-risk portfolio that gave it one of the largest default rates among Spanish lenders, the court's ruling said.Allegations that Caja Madrid also gave 20-year mortgages to foreigners with only temporary residency in Spain would also be studied, it said.In the written ruling, judge Jose de la Mata said the investigation, which was triggered by a lawsuit by the bank's shareholders, would focus on Caja Madrid's former chairman Miguel Blesa, former financial director Ildefonso Sanchez, Ramon Martinez, former head of risk management.and Ignacio de Navasques, former head of Caja Madrid's valuation unit Tasaciones Madrid.Blesa's lawyer Carlos Aguilar said his client had not yet decided on a response to the court's ruling.Reuters was not able to reach Sanchez's lawyer Jesus Castrillo, and could not immediately identify lawyers for Martinez and de Navasques or contact the individuals themselves.A court spokesman said those named in the ruling were not charged with any crime and so did not need lawyers at this stage of the legal process.  Full Article

Bankia and FCC execute sale of Globalvia Infraestructuras
Thursday, 17 Mar 2016 12:50pm EDT 

Bankia SA:Says that together with Fomento de Construcciones y Contratas SA (FCC) it executed agreement with USS, OPTrust and PGGM funds for the sale of 100 percent of shares of Globalvia Infraestructuras SA.  Full Article

Bankia SA to propose cash dividend of 0.02625 euro per share for FY 2015‍
Friday, 29 Jan 2016 11:37am EST 

Bankia SA:Says to propose cash dividend of 0.02625 euro per share for FY 2015‍​.  Full Article

FED approves acquisition of Bankia SA's City National Bank of Florida by Banco de Credito e Inversiones
Monday, 21 Sep 2015 05:49pm EDT 

Banco de Credito e Inversiones (BCI):Says Board of Governors of the Federal Reserve System of United States (FED) approved acquisition of City National Bank of Florida by Banco de Credito e Inversiones.City National Bank of Florida is a US bank owned by Caja Madrid Cibeles and is part of Spain's Bankia Group.Acquisition was announced May 24, 2013.  Full Article

Bankia and FCC agree to sell Globalvia Infraestructuras to Khazanah Nasional Berhad
Wednesday, 1 Jul 2015 02:43am EDT 

Bankia SA:Bankia and FCC agree to sell 100 percent stake in Globalvia Infraestructuras to Khazanah Nasional Berhad.The price of the operation is structured in an initial payment of 166 million euros and a deferred payment of up to 254 million euros in 2017.  Full Article

Fitch lowers debt rating for Bankia SA
Tuesday, 19 May 2015 12:16pm EDT 

Bankia SA:Fitch lowers debt rating for Bankia SA revising long term IDR rating to BB+ from BBB-.Revises outlook to positive from previous negative.  Full Article

S&P changes outlook for Bankia to stable from negative
Wednesday, 22 Apr 2015 02:48pm EDT 

Bankia SA:Says Standard & Poor’s Ratings Services (S&P) has changed outlook for company to stable from negative.S&P affirmed long and short- term credit ratings at BB/B.  Full Article

Fitch affirms IDR ratings and upgrades Viability Rating on Bankia
Wednesday, 1 Apr 2015 12:35pm EDT 

Bankia SA:Says Fitch Ratings has affirmed long-term IDR and short-term IDR on the company at BBB- and F3, respectively.Outlook for the long-term IDR is negative.Fitch has upgraded Viability Rating (VR) to bb+ from bb-.  Full Article

Bankia SA agrees to sale 25 pct stake in Realia to Inmobiliaria Carso
Wednesday, 4 Mar 2015 12:44pm EST 

Bankia SA:Signs agreement to sale 24.953 pct stake in Realia Business SA to Inmobiliaria Carso SA de CV for 0.58 euro per share, or 44,484,580 euro in total.Says Inmobiliaria Carso to launch a full takeover bid withing nine months for 0.58 euro per share.Inmobiliaria Carso is a property group owned by Mexican billionaire Carlos Slim.  Full Article

Bankia to propose FY 2014 dividend
Friday, 27 Feb 2015 12:36pm EST 

Bankia SA:To propose dividend for 2014 of 0.0175 euro per share.  Full Article

Spain's Iberdrola files lawsuit against Bankia over listing

MADRID, May 31 Spain's Iberdrola has filed a lawsuit against state-owned Bankia over its 2011 stock market listing, a source close to the power company said on Tuesday.