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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 to execute reverse share split with 4:1 ratio
Tuesday, 16 May 2017 12:45pm EDT 


Bankia to sell 540 industrial and commercial premises at discount of up to 40 pct
Tuesday, 18 Apr 2017 05:07am EDT 

April 18 (Reuters) - Bankia SA ::Says to sell 540 industrial and commercial premises at discount of up to 40 percent.  Full Article

Bankia sells portfolio of non-performing loans of 103 mln euros
Thursday, 30 Mar 2017 08:10am EDT 

Bankia SA : Says sells portfolio of non-performing loans of 103 million euros ($110.6 million) . Says transaction enables to reduce balance of non-performing loans by 77.2 million euros Further company coverage: [BKIA.MC] ($1 = 0.9315 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Bankia sets up committee of independent directors, names advisors for merger with BMN
Friday, 24 Mar 2017 12:58pm EDT 

Bankia SA : Creates a committee of independent directors to supervise the merger with BMN .Appoints Ernst&Young, Garrigues, Accenture, Morgan Stanley and Rothschild as advisors to evaluate the merger with BME.  Full Article

Bankia expects BMN merger to be complete in Q4 2017 - CEO
Thursday, 23 Mar 2017 10:21am EDT 

Spain's Bankia SA : CEO Jose Sevilla says expects merger with Banco Mare Nostrum to be complete in last quarter of 2017 once approved by board and ratified by shareholders . Chairman Jose Ignacio Goirigolzarri says Bankia's board will carry out own analysis of BMN merger over next few months and any cuts will be conditional on this analysis Further company coverage: [BKIA.MC] (Reporting by Madrid newsroom).  Full Article

Bankia to propose contrasplit with 4:1 ratio
Wednesday, 22 Feb 2017 12:16pm EST 

Bankia SA : To propose a contrasplit with a 4:1 ratio . To propose capital reduction of 6.33 billion euros ($6.7 billion) to increase voluntary reserves .To propose to lower nominal value of shares by 0.55 euro per share to 0.25 euro.  Full Article

Bankia to pay divedend of 0.02756 eur/shr
Friday, 27 Jan 2017 11:45am EST 

Bankia SA :Says to propose divedend of 0.02756 euro ($0.0295) per share from FY 2016 profit.  Full Article

Spain's Bankia unconcerned over European stress tests
Friday, 22 Jul 2016 04:53am EDT 

Bankia SA : Says it is not worried about next week's European banking stress tests and that Spanish banks in general have done their homework For full earnings details see: [ID:nL8N1A8152] Further company coverage: [BKIA.MC] (Reporting by Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34915852151;)).  Full Article

Spain's Bankia H1 net profit 481 million euros, beats forecasts
Friday, 22 Jul 2016 02:16am EDT 

Spain's Bankia : Says first half net profit was 481 million euros ($530 million) compared to 469 million euros in a Reuters poll . Says first half net interest income was 1.124 billion euros compared to 1.137 billion euros in a Reuters poll . Says its bad loans ratio at the end of June fell to 9.8 percent from 10.5 percent at the end of March . Says return-on-equity (ROE) profitability ratio was 8.2 percent, unchanged from the end of March .Says its core capital ratio, under Basel III fully-loaded criteria, was 12.89 percent at the end of June, compared to 12.52 percent from the end of March.  Full Article

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

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