Newsletter #12 - 1st quarter 2017 Earnings Results
BKIA Share

Bankia - Shareholders and investors

Bankia earns €304 million up to March
28.4% more than in the first quarter of 2016
  • Bankia achieves this result by increasing customer loyalty and satisfaction, maintaining the competitive advantages in costs and leadership in solvency.
  • The customer’s loyalty strategy is starting to have a positive impact on fee and commission income, which is up 3.8% compared to the first quarter of 2016.
  • Bankia continues to improve cost control. Operating expenses are down 3.4% compared to the first quarter of 2016, with the efficiency ratio at 43.6% at the end of March 2017.
  • Great response to the “No fees mortgage”, driving a 93.5% increase in new mortgages compared to the same period of 2016.
  • The strong rate of new customer funds continues for yet another quarter. Customer funds are up 4.6% year-on-year, with particularly strong growth in mutual funds (+10.1%), where the Group’s market share has risen to 5.59% (+6 bps vs. December 2016).
  • The Bankia Group maintains a sound capital position, thanks to its ability to generate capital organically. At the end of the first quarter of 2017, the Bankia Group’s CET1 Phase-in ratio is 14.91% (+85 bps vs. March 2016) and the CET1 Fully Loaded ratio (not including unrealised gains on sovereign holdings in the AFS portfolio) is 13.37% (+85 bps year-on-year).
  • The Group’s financial strength translates into further improvements in its ratings. Standard & Poor’s has raised Bankia’s long-term rating from BB+ to BBB-, so that at the end of the first quarter of 2017. Bankia once again has an investment grade rating from the three agencies to whom the bank solicit its ratings.
View 1Q17 Results Infographic / Access 1Q17 Earnings Report
News
“We are coming to the end of the Restructuring Plan, financially sound, in a leading position in terms of profitability and solvency, attracting new customers and winning market share in key segments”, said José Sevilla
19 April 2017
Bankia’s CEO, José Sevilla, today revealed that 2017 will be the last year of the bank’s Restructuring Plan approved by the authorities in 2012, explaining that Bankia is entering this stage, “financially sound, in a leading position in terms of solvency, efficiency and profitability, with enormous commercial dynamism that is enabling it to attract new clients and win market share in key segments”.
Goirigolzarri: “We have received 4.6 times more mortgage applications since we abolished mortgage fees”
05 April 2017
“Bankia multiplied the number of home loan applications by 4.6 in March, after launching the no-fees mortgage in mid-January.” José Ignacio Goirigolzarri, Bankia’s chairman, announced this result in his speech to the XXVIII Elkargi Business Gathering, held this morning in San Sebastián.
José Sevilla said, “Our experience enables us to take on a merger and create a stronger, more profitable and solvent institution”
04 April 2017
Bankia’s CEO, José Sevilla, today said that the fact that Bankia is able to propose a corporate transaction, such as the BMN deal, demonstrates the transformation it has gone through in the last five years, explaining that the bank’s current position and experience “enables us to take on a merger and create a stronger, more profitable and more solvent institution in the future”.
Bankia Fintech by Innsomnia attracts 37 startups from four continents for its international program
10 March 2017
Bankia Fintech by Innsomnia has attracted 37 startups from different continents for its international program. The selection process will begin in the next few days for candidates to join Spain’s first fintech incubator and accelerator which Bankia launched in November.
Bankia included in the FTSE4Good indices, which recognise the world’s most sustainable companies
02 March 2017
Bankia has been included in the FTSE4Good series of indices after being independently evaluated and meeting all of the necessary requirements.
Indicators

Data as of March 31st, 2017. Click on each item for further information.

ATTRIBUTABLE PROFIT 304
million €

CUSTOMER SATISFACTION INDEX 89,2%
New peak

EFFICIENCY RATIO 43.6%
in 1Q17

STRICT CUSTOMER DEPOSITS +4%
vs 1Q16

NPL RATIO 9.5%
in 1Q17

NPL REDUCTION -1.580
million € since 1Q16

COVERAGE RATIO 53.7%
in 1Q17

CET 1 FULLY-LOADED RATIO 13.37%
in 1Q17

Material disclosures
24 March 2017
Copy of the President´s speech at the Ordinary General Meeting of Shareholders.
24 March 2017
Dividend to be paid out of profit for 2016.
24 March 2017
Company announces resolutions adopted by shareholders at the Ordinary General Meeting.
08 March 2017
DBRS Ratings Limited assigns Issuer Ratings to Bankia.
Studies and presentations
28 April 2017
PRESS KIT BANKIA 1Q17 RESULTS: Presentations, videos, infographics, multimedia gallery
05 April 2017
BANKIA'S BLOG - The two challenges for Bankia: capital reduction and reverse split (in Spanish)
BANKIA SHARE: trading price, equity analysts recommendations, shareholder structure, share capital, etc.
2016 ANNUAL REPORT: with all important milestones undertaken by Bankia during 2016
TRANSPARENCY: Visit our corporate governance and remuneration policy section
Calendar
Goldman Sachs 21st Annual European Financials Conference 2017 - Madrid
08 June 2017
Webcast for Analysts and Investors: 2Q 2017 Results Presentation
26 July 2017
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