News: Banco de Valencia SA (BVA.MC)
1 Mar 2013
Thu, Apr 25 2013
MADRID, April 25 - Spain's biggest domestic lender Caixabank on Thursday said its net profit jumped by 700 percent to 335 million euros ($435 million), boosted by purchases of smaller banks Banca Civica and Banco de Valencia which had a positive accounting impact.
March 5 - (The following statement was released by the rating agency)
MADRID, Feb 11 - Holders of junior debt instruments such as preference shares and subordinated debt in Spain's nationalised bank Banco de Valencia will suffer losses ranging from 85 percent to 90 percent, the country's bank restructuring fund, FROB, said on Monday.
MADRID, Feb 4 - Spain's Banco de Valencia, which was bought by Spain's third-largest lender Caixabank last year, reported a loss of 3.6 billion euros ($4.9 billion) for 2012, the bank restructuring fund (FROB) said on Monday.
(Corrects last paragraph to clarify that Banco de Valencia had not returned ECB LTRO funds)
MADRID - Nationalized Spanish lender Banco de Valencia , recently bought for 1 euro by the country's third-biggest bank, La Caixa , will fire more than half its workforce, union UGT said on Monday.
MADRID, Jan 7 - Nationalised Spanish lender Banco de Valencia, recently bought for 1 euro by the country's third-biggest bank, La Caixa, will fire more than half its workforce, union UGT said on Monday.
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(The following statement was released by the rating agency) Nov 30 - Fitch Ratings has revised Banco de Valencia's (BValencia) Long- and Short-term Issuer Default Ratings (IDR) of 'BB-' and 'B' respectively to Rating Watch Positive (RWP) from Rating Watch Negative (RWN). At the same time the agency has revised the bank's Support Rating (SR) of '3' to RWP from RWN. Its Support Rating Floor (SRF) has been removed from RWN and its Viability Rating (VR) has been affirmed at 'f'. BValencia's subo
(The following statement was released by the rating agency) Overview -- On Nov. 27, 2012, CaixaBank S.A. announced that the governing committee of Spain's Fondo de Reestructuracion Ordenada Bancaria (FROB) has accepted its offer to acquire all of the shares the FROB holds in Banco de Valencia (BdV) for a total consideration of EUR1. -- In our view the terms of the transaction, which include the transfer of riskier assets to an external company, the recapitalization of BdV before