Bankia's 4Q16 results

Bankia’s 4Q16 Results: In Line With Consensus And a “Clean Up” Quarter

Bankia reported 4Q16 net profit of €73m, largely in-line with consensus of €72m. As reported by Citi Research, good operating metrics were overshadowed by worse asset quality and capital as the bank cleaned up its balance sheet as a result of the recent Bank of Spain circular. Furthermore, they point that 2017 consensus estimates may be up 1-2% but the asset quality miss could weigh on the shares in the short -term .


Sabadell, Bankia H1 results prompt different stock market reaction

The banks’ non-performing loans ratio continues to show signs of recovery amid the ongoing deleveraging process on the part of households and companies. The balance of impaired loans fell by 18.3% in May to 121,865 billion euros. Against this backdrop, Banco Sabadell and Bankia were the first banks to present their first half results’ report. And the Spanish stock market reacted in a completely different way to each report.


Bankia Gets It Right By Giving Back Money To Shareholders

Bankia’s current management team has decided to give back to minority shareholders the money they invested in the banks’s shares in July 2011 with 1% annual interest. The proposal is a sensible one because it benefits shareholders and tax payers, as well as Bankia’s image and balance sheet.


The Shambles That Is Bankia

Bankia, created from the merger of seven savings banks lead by Cajamadrid and Bancaja, and its July 2011 stock market listing, have become a major headache for many people: the bank’s shareholders, the current management team, the auditor, the Bank of Spain and the stock exchange regulatory body CNMV.

Bankia's 4Q16 results

Spain’s Bankia beats forecasts

The Corner | July 27, 2015 | Spain’s bailed-out lender Bankia saw its first-half profit rose 11.5 percent from a year ago, as it reported on Monday. Net profit rose 10.3 per cent to €311m, versus a consensus of analysts’ expectations of €277.8m. Charges against bad debts fell and offset weaker revenue from lending.