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Bankia General Meeting of Shareholders approves dividend pay-out of 302 million euros

15 March 2016

Category: Corporate

  • Total of 195 million euros will be paid to BFA, which is solely-owned by the State; taking amount of state aid reimbursed to taxpayers to 1,627 million euros
  • Antonio Greño appointed as independent director of the bank to replace Alfredo Lafita

Bankia’s General Meeting of Shareholders approved today the second dividend pay-out in the bank’s history, which will see 302 million euros being distributed against 2015 profit – 50% more than the amount paid out against 2014 profit. The pay-out will total 2.625 eurocents per share compared to 1.75 eurocents last year.

This dividend distribution is another step in the bank’s mission to repay state aid to taxpayers, since BFA, Bankia’s majority shareholder (with a 64.47% stake), is solely owned by the State’s Fund for Orderly Bank Restructuring (FROB). This stake will enable the State to receive 195 million euros; taking the total repayment to date to 1,627 million euros, given that it obtained 128 million euros from the previous dividend and a further 1,304 million euros from the sale of 7.5% of the bank’s capital.

The General Meeting of Shareholders also gave a green light for the appointment of Antonio Greño as an independent director of the bank to replace Alfredo Lafita, and the reappointment for a four-year term of Bankia’s serving Chief Executive Officer, José Sevilla, and another three independent directors: Eva Castillo, Joaquín Ayuso and Javier Campo.

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