Companies





Banco Popular will meet ECB

S&P Cuts Banco Popular’s Rating To B vs B+coinciding with AGM

S&P has cut its outlook for Banco Popular to Negative from Stable (where it placed the bank on February 9), which opens the door to new rating trims. At the same time, Popular will hold its AGM today where the 2016 accounts (losses of €3.485 billion) are due to be approved by shareholders,



NH NH Hotels recieves bid merger from Barcelo

It’s time to focus on Spain’s hotel stocks NH Hoteles and Melia

Sonia Ruiz de Garibay (GVC Gaesco) |Spain’s hotel chains NH Hoteles and Meliá are reaping the benefits of their restructuring and the adjustments made in the areas of operating costs and debt reduction. So these stocks are a good bet for locking in profits thanks to their attractive trading ratios.

 


Banco Popular

Banco Popular In Doubt About Going Ahead With Its ‘Bad Bank’

Emilio Saracho, who will take over the reins of Banco Popular in less than 15 days, may not want to go ahead with Project Sunrise, which consists of setting up a small ‘bad bank’ into which € 6 billion worth of property loans would be transferred. The new chairman may have a Plan B.



Improved SME financing in Europe

As a result of the global financial crisis, funding conditions for SMEs in the peripheral European countries tightened considerably. But following the implementation of expansionary monetary policies, including TLTROs and negative interest rates, has loan activity improved for small businesses in countries like Spain, where they are key drivers for economic growth and job creation.