Bankia SA (BKIA.MC)
Fri, Feb 9 2018
MADRID The head of Spain's bank bailout fund FROB said on Friday that the state could sell state-controlled Bankia to a competitor, but its priority was to continue its privatisation process through stake sales.
MADRID, Feb 9 The head of Spain's bank bailout fund FROB said on Friday that the state could sell state-controlled Bankia to a competitor, but its priority was to continue its privatization process through stake sales.
MADRID Spanish state-owned lender Bankia said it swung into the red in the fourth quarter, for the first time in three years, blaming one-off restructuring costs after its acquisition of smaller peer BMN.
* SAYS EXPECTS BANK TO REACH RETURN ON EQUITY (ROE) OF AROUND 10 PERCENT IN MEDIUM TERM FROM CURRENT ROE OF 6.6 PERCENT THANKS TO CONTRIBUTION OF BMN Source text for Eikon: Further company coverage: (Reporting by Madrid Newsroom)
* Excluding restructuring costs, net profit up 5.5 pct (Adds share price and details on bad loans)
MADRID, Jan 29 Spain's state-owned lender Bankia booked a loss of 235 million euros ($292 million) in fourth-quarter after being hit by 312 million euros in restructuring costs after the integration of smaller lender BMN.
MADRID, Jan 26 State-controlled Spanish lender Bankia said on Friday it would pay back 207 million euros ($258 million) in state aid via a gross dividend from 2017 earnings of 0.11 euros per share.
* PROPOSES GROSS CASH DIVIDEND OF 0.11 EURO PER SHARE Source text for Eikon:
* SAYS EXECUTES DEED OF MERGER BY ABSORPTION OF BANCO MARE NOSTRUM
MADRID, Dec 18 Spanish lender Bankia plans to lay off more than 2,500 staff due to the integration of smaller lender Banco Mare Nostrum (BMN), one of the country's biggest unions said on Monday.