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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)

Spain's Bankia expects new strategic plan by Jan or Feb
Monday, 30 Oct 2017 06:05am EDT 

Oct 30 (Reuters) - Spain's Bankia CEO Jose Sevilla::Says the bank expects to announce a new strategic plan by next January or February.Says sees opportunities for Spanish state to reduce its stake in Bankia further by year-end.Says political uncertainty in Catalonia played a role in postponing further Bankia sale but is optimistic there will be further privatisation before year-end.Says there is room in the next few years for Bankia to increase its dividend pay-out, but so far it has not been changed.  Full Article

Bankia says BMN's 2017 pre-provision profit may be top 200 mln euros
Monday, 30 Oct 2017 04:05am EDT 

Oct 30 (Reuters) - Spain's Bankia ::Says BMN may make slightly more than originally forecast 200 million euros ($232 million) in pre-provision profit in 2017.Says maintains guidance of ending 2017 with a decrease of 2 percent in net interest income .Says possible sale of real estate asset portfolios after integration with BMN is among options.  Full Article

Bankia 9-month net profit up 1 pct YoY
Monday, 30 Oct 2017 03:19am EDT 

Oct 30 (Reuters) - Bankia SA ::9-MONTH NET INTEREST INCOME 1.47 BILLION EUROS VERSUS 1.63 BILLION EUROS YEAR AGO.9-MONTH NET PROFIT 739 MILLION EUROS VERSUS 731 MILLION EUROS YEAR AGO.CET1 FULLY LOADED CAPITAL RATIO 14.16 PERCENT AT END-SEPT VERSUS 13.02 PERCENT AT END-DEC 2016.ROE PROFITABILITY RATIO 8.1 PERCENT AT END-SEPT VERSUS 8.2 PERCENT AT END-SEPT 2016.BAD LOAN RATIO 8.8 PERCENT AT END-SEPT VERSUS 9.8 PERCENT AT END-DEC 2016.Q3 NET PROFIT 225 MILLION EUROS VERSUS 250 MILLION EUROS YEAR AGO.Q3 NET INTEREST INCOME 472 MILLION EUROS VERSUS 507 MILLION EUROS YEAR AGO.  Full Article

Further stake sales in Bankia possible after BMN merger - CEO
Wednesday, 26 Jul 2017 05:14am EDT 

July 26 (Reuters) - Spain's Bankia CEO Jose Sevilla: :Says he sees more possibilities for the government to sell further stakes in Bankia after merger with BMN..Says an increase of Bankia's free float would be positive after Economy Minister Luis de Guindos said in an interview on Sunday he expected a sale after summer. .Source text for Eikon: nL5N1KE09Z.Further company coverage: BKIA.MC.  Full Article

Bankia seen with bad loan ratio of around 8.5 pct end 2017- CEO
Wednesday, 26 Jul 2017 02:29am EDT 

July 26 (Reuters) - Spain's Bankia CEO Jose Sevilla::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.  Full Article

Bankia Q2 net profit down at 210 mln euros YoY
Wednesday, 26 Jul 2017 02:11am EDT 

July 26 (Reuters) - BANKIA SA ::H1 NET PROFIT 514 MILLION EUROS VERSUS 481 MILLION EUROS YEAR AGO.H1 NET INTEREST INCOME 995 MILLION EUROS VERSUS 1.12 BILLION EUROS YEAR AGO.Q2 NET PROFIT 210 MILLION EUROS VERSUS 245 MILLION EUROS YEAR AGO.Q2 NET INTEREST INCOME 491 MILLION EUROS VERSUS 546 MILLION EUROS YEAR AGO.CET1 FULLY LOADED CAPITAL RATIO 13.82 PERCENT AT END OF JUNE VERSUS 13.02 PERCENT AT END OF DEC 2016.BAD LOAN RATIO 9.1 PERCENT AT END OF JUNE VERSUS 9.8 PERCENT AT END OF DEC 2016.ROE PROFITABILITY RATIO 8.6 PERCENT AT END OF JUNE VERSUS 8.2 PERCENT AT END OF DEC 2016.  Full Article

Spain's Bankia to issue 750 mln euros in contingent convertible bonds
Friday, 30 Jun 2017 12:34pm EDT 

June 30 (Reuters) - Spain's Bankia ::Says it will issue 750 million euros ($855.60 million) in contingent convertible bonds to strengthen the bank's solvency.  Full Article

Bankia to carry out CoCo issue
Friday, 30 Jun 2017 11:46am EDT 

June 30 (Reuters) - BANKIA SA ::TO CARRY OUT AN ISSUE OF PREFERRED SECURITIES CONTINGENTLY CONVERTIBLE INTO NEWLY ISSUED ORDINARY SHARES.SAYS ISSUANCE WITH EXCLUSION OF PRE-EMPTIVE SUBSCRIPTION RIGHTS FOR SHAREHOLDERS, TARGETED ONLY AT PROFESSIONAL INVESTORS.  Full Article

Bankia sells 100 mln euro NPL portfolio
Wednesday, 28 Jun 2017 05:55am EDT 

June 28 (Reuters) - BANKIA SA ::SAYS SELLS PORTFOLIO OF NON-PERFORMING LOANS (NPL) WITH NO MORTGAGE GUARANTEE WORTH 100 MILLION EUROS TO EOS SPAIN .SAYS OPERATION REDUCES NPL BALANCE BY 79 MILLION EUROS.  Full Article

Spain may sell further stakes in Bankia this year
Tuesday, 27 Jun 2017 07:08am EDT 

June 27 (Reuters) - Chairman of Spain's Bankia , Jose Ignacio Goirigolzarri::Says Spanish state could sell further stakes in Bankia this year, though said the decision is up to government.Says it is too early to talk about staff and branch reduction regarding the merger between Bankia and BMN .  Full Article

BRIEF-Bankia says BMN's 2017 pre-provision profit may be top 200 mln euros

* Says BMN may make slightly more than originally forecast 200 million euros ($232 million) in pre-provision profit in 2017