Bankia SA (BKIA.MC)
Wed, Jul 26 2017
* Says expects the lender to end 2017 with a bad loan ratio of around 8.5 percent, down from 9.1 percent at end-June Source text for Eikon: Further company coverage: (Reporting by Madrid Newsroom)
* Says he sees more possibilities for the government to sell further stakes in Bankia after merger with BMN.
MADRID, July 26 Spanish banks Bankia and Bankinter exceeded second quarter forecasts on Wednesday, although their lending business remained under pressure from low interest rates.
* H1 NET PROFIT 514 MILLION EUROS VERSUS 481 MILLION EUROS YEAR AGO
MADRID, July 26 Spain's state-owned lender Bankia posted on Wednesday a 14.3 percent fall in second-quarter net profit as lending income remained pressured by low interest rates, though it beat analysts' forecasts.
BARCELONA, Spain Spain will explore the possibility of selling a further stake in state-owned Bankia later this year, Economy Minister Luis de Guindos said in an interview with Spanish newspaper ABC on Sunday.
LONDON, July 6 (IFR) - Bankia is set to price its inaugural Additional Tier 1 bond through fair value, proving the market is wide open for Spanish lenders despite sub debt investors at Banco Popular being wiped out only last month.
LONDON, July 6 (IFR) - Bankia has set guidance on its inaugural Additional Tier 1 bond, a no-grow €750m perpetual non-call five-year, at 6%-6.125%, according to a lead.
LONDON, July 6 (IFR) - Bankia is marketing its inaugural Additional Tier 1 bond, a no-grow €750m perpetual non-call five-year, at 6.5% area coupon IPTs, according to a lead.
* TO CARRY OUT AN ISSUE OF PREFERRED SECURITIES CONTINGENTLY CONVERTIBLE INTO NEWLY ISSUED ORDINARY SHARES