Caixabank's eyes DB's subsidiary

Caixabank eyeing Deutsche Bank’s Spanish business

Caixabank has informed Deutsche Bank’s management team of its interest in the German bank’s Spanish subsidiary in the event of a sale. The approach was made in 2016, before Deutsche Bank reached an agreement with the US Department of Justice to reduce the fine for selling “subprime” mortgages to $7.2 billion


Caixabank Installs Itself In A Portugal Facing Serious Economic Problems

The announcement that Santoro Financial (Isabel Dos Santos) will sell its stake in BPI to Caixabank is good news for the Catalan lender. But let’s keep in mind the economic backdrop to all this. The Portuguese economy is currently going through a particularly difficult time, with the existence of serious risks to its financial system.


The Angolan Woman Pushing CaixaBank Towards A Nervous Breakdown

F. Barciela and F.G. Ljubetic | For several years, Spain’s third biggest bank has been trying to gain full control of Portuguese lender BPI, in which it already holds 44.1%. But up until now it has been unable to fulfill its objective. And it seems undeniable that the reason for CaixaBank’s failure is a young Angolan woman. Isabel dos Santos, 43, is the oldest daughter of José Eduardo dos Santos, one of the longest serving presidents in Africa.


Caixabank: it’s worth persevering

Caixabank is conscious of the fact that the Spanish market is running out of steam and that the future lies in having a strong presence abroad, like its two bigger Spanish rivals (Santander and BBVA). So it is relaunching its initiative to fully acquire Banco Portugues de Investimento (BP), in which it currently holds 44%. It also announced three dividends for 2016.

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Market chatter: Spain’s Caixabank misses expectations but sees NPL ratio go down

MADRID | By Jaime Santisteban | Caixabank’s net profit dropped by 54.6% to €152M in the first quarter. Analysts highlight the positive impact of integrating Banco de Valencia and Banca Cívica. Spain’s third biggest bank by market value improved its margins and reduced its NPL rate for the first time since the crisis started.