Bankia

Bankia S.A.
Company typeSociedad Anónima
BMADBKIA
ISINES0113307039
IndustryFinancial services
Founded3 December 2010 (2010-12-03)
Defunct26 March 2021 (2021-03-26)
FateMerged with CaixaBank
SuccessorCaixaBank
HeadquartersMadrid and Valencia, Spain
Area served
Spain
Key people
José Ignacio Goirigolzarri
(Executive Chairman)
José Sevilla
(CEO)
ProductsRetail banking, corporate banking, investment banking, private banking, asset management, finance and insurance
RevenueDecrease €3.027 billion (2017)[1]
Decrease €1.185 billion (2017)[1]
Increase €816 million (2017)[1]
Total assetsDecrease €179.098 billion (2017)[1]
Total equityIncrease €12.709 billion (2017)[1]
OwnerSpanish Government (61%)
Number of employees
Decrease 13,463 (2017)[1]
ParentBFA Tenedora de Acciones
Websitewww.bankia.com

Bankia (Spanish pronunciation: [ˈbaŋkja]) was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks,[2] and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution.[3][4] As of 2017, Bankia was the fourth largest bank in Spain, with total assets of €179.1 billion.[5] In 2021, the bank merged with CaixaBank to create a new entity, initially preserving its original name.

  1. ^ a b c d e f "Annual Report – Consolidated Financial Statements 2016" (PDF). Archived from the original (PDF) on 26 April 2017. Retrieved 4 June 2017.
  2. ^ "Bankia Profile". Bankia.com. Archived from the original on 17 September 2011. Retrieved 17 May 2012.
  3. ^ Bjork, Christopher; House, Jonathan & Muñoz, Sara Schaefer (25 May 2012). "Spain Pours Billions into Bank". The Wall Street Journal. Retrieved 26 May 2012.
  4. ^ Abiven, Katell (25 May 2012). "Spain's Bankia seeks record bailout of €19 bn". Yahoo! News. Agence France-Presse. Retrieved 26 May 2012.
  5. ^ S.A., Bankia. "Bankia approves merger agreement with BMN - Press releases - In the news - Communication - Bankia". Bankia. Archived from the original on 15 March 2018. Retrieved 27 June 2017.