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Merger CaixaBank-Bankia

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The union of CaixaBank and Bankia will give rise to the biggest banking and insurance group in Spain. The bank will have an excellent customer base and deep financial strenght, which will allow it to support the economic recovery.

IN FIGURES

Merger CaixaBank-Bankia

CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank

  • The Boards of Directors of both entities have approved the operation, to be executed as a merger by absorption of Bankia by CaixaBank, which must be approved at the General Shareholders’ Meetings
  • The agreement consists of an exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share and includes a 20% premium over the exchange ratio at the closing of 3rd September
  • The new entity, which will maintain the CaixaBank brand, will be the leading bank in Spain with more than 20 million customers, a 25% and 24% share in loans and deposits respectively, and a diversified and balanced geographic presence
  • José Ignacio Goirigolzarri will be the executive chairman of the entity, with Gonzalo Gortázar holding the position of CEO
  • José Ignacio Goirigolzarri has remarked with this operation, we will become the leading Spanish bank at a time when it is more necessary than ever to create entities with a significant size, thus contributing to supporting the needs of families and companies, and to reinforcing the strength of the financial system”. "The new entity will continue to carry out the best corporate governance practices"
  • Gonzalo Gortázar stressed that "the merger will allow us to face the challenges of the next 10 years with greater scale, financial strength and profitability, resulting in greater value for our shareholders, more opportunities for our employees, better service to our clients and a greater capacity to support Spain’s economic recovery"
  • The Board of Directors will be made up of 15 members, of which 60% will be independent. Women will represent 33% of members

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Merger CaixaBank-Bankia

Infographic with the keys to the CaixaBank-Bankia merger project

  • The union of both entities will give rise to the leading group in Spain in banking and insurance.

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CALENDAR: NEXT STEPS

Calendar merger CaixaBank - Bankia

Calendar merger CaixaBank - Bankia mobile

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