Jump Main Menu. Go directly to the main content

Sección de idiomas

Englishen

Fin de la sección de idiomas

You are in:

  1. Home
  2. Communication
  3. News

News

Start of main content

Corporate information

New organisation of the bank

Bankia announces its new organisation in the three regional divisions of the Community of Madrid

This new structure also affects the Business Management Center Business, which includes the business in the Community of Madrid and Castilla-La Mancha and in front of which will be Faustino Ortiz.
 

Communication Bankia

By  Communication Bankia

Publish on 
24 February 2019 - 11:30

  • The private customer business of the Madrid North Regional Division is now managed by Juan Luis Vidal, replacing Eugenio Solla, who has joined the Steering Committee as director of Private Banking
  • The Madrid South West Regional division is now managed by Julio Martín, replacing David López, new member of the Steering Committee as director of People and Culture
  • Juan Antonio Zaragoza is the new director of the Madrid East Regional Division, replacing Faustino Ortiz who returns to the Centre Business Management

Bankia has announced its new organisation for the private customer business of the three regional divisions of the Community of Madrid. The financial entity has appointed Juan Luis Vidal as corporate director of the Madrid North Regional Division; Julio Martín as corporate director of Madrid South West Regional Division, and Juan Antonio Zaragoza as corporate director of Madrid East Regional Division.

In the Madrid North Regional Division, Juan Luis Vidal (Cartagena, Murcia, 1969), who was the Centre Company Business Director until now, replaces Eugenio Solla, who joins the Steering Committee as director of Private Banking.

Juan Luis Vidal, Bachelor of Economics and Business Administration by the University of Alcalá de Henares (CEU), holds a Master's Degree in Business Management from the Francisco de Vitoria University, a Master's Degree in Accounting Auditing from the Autonomous University of Madrid and has completed the Senior Management Program of the Business Institute.

Vidal, who began his professional career at Bankia in 1994, has also been corporate director of SMEs, corporate director of Multichannel and corporate director of North Company Business.

The Madrid South West Regional Division will be managed by Julio Martín (Madrid, 1973) as a replacement for David López, a new member of the Steering Committee as director of People and Culture.

Julio Martín has a degree in Business Administration and Management from the University of Sunderland (England), an MBA in Business Administration from the Autonomous University of Madrid and has completed the Senior Management Program of the IE Business School Institute.

Martín has developed his entire professional career at Bankia. Since 2012 he has been the corporate director of Bankia's North Regional Division, based in Logroño, which includes private customer business in La Rioja, the Basque Country, Aragon, Navarre, Galicia, the Principality of Asturias and Cantabria and which is now headed by Begoña Hernández.

The new director of the Madrid East Regional Division is Juan Antonio Zaragoza (Málaga, 1965), a position previously held by Faustino Ortiz, who returns to the Centre Company Business Management.

Juan Antonio Zaragoza, an attorney and Business advisor from ICADE who holds an MBA from the Business Institute and has studied at Harvard University (USA), was Director of Corporate Banking at Bankia.

Zaragoza joined the Caja de Ahorros de Murcia in 2000 and held positions of responsibility in the entity and, subsequently, in BMN.

Centre Company Business Management

The new structure of Bankia also affects the Centre Company Business Management, which encompasses the business in the Community of Madrid and Castilla-La Mancha and in managed by Faustino Ortiz, replacing Juan Luis Vidal, who will now manage the Madrid North Regional Division.

Faustino Ortiz (Madrid, 1966) holds a degree in Statistics from the Complutense University of Madrid and a master's degree in Banking Management from the Autonomous University of Madrid.

Linked to Bankia since 1988 after his time at BNP Spain, he has been a corporate director since 2014, serving as Director of North Company Business and Centre Company Business between 2015 and 2017, and director of the Madrid East Regional Division.

Twelve Members of the Steering Committee

The appointments of Vidal, Martín and Zaragoza take place within the structural renovation announced by Bankia to support the transformation of the bank and brings the number of members of its Management Committee to twelve.

Bankia's Board of Directors approved a change in the bank's corporate structure to support the transformation of the bank and its business. The financial entity has created four new general divisions -Financial, Credit Risks, People and Culture, and Transformation and Digital Strategy- and its directors are now part of the Management Committee. Therefore, the bank's highest management body will be comprised of twelve members instead of the eight it had until now.

Share

Print and/or download the new

Read more about these topics

#Business

Related news

Business

In the first year of existence of this type of transfers

Bankia, leader in instant transfers

Since last February, the month that brought instant transfers to Spain, Bankia carried out 6.6 million transfers for a total amount of 6,500 million euros

Communication Bankia

By  Communication Bankia

Publish on 
15 January 2019 - 00:00

  • The entity has also led this business by number of operations, with 28% of the transfers carried out in Spain.
  • Since last February, the month that brought instant transfers to Spain, Bankia carried out 6.6 million transfers for a total amount of 6,500 million euros.
  • Instant transfers send the funds immediately: in less than 20 seconds, the payee can use the transferred amount.
  • One of the keys to its leading position is that "Bankia is the only bank that offers massive instant transfers, such as payrolls, to companies" said Mauro Fernández Revenga, director of Business Products and Services.
  • Instant transfers are free for members of the 'Por ser tú' program, with 4.3 million customers.

Bankia has led the business of immediate transfers in 2018, the first year in which these operations have been available in Spain, reaching a 39% share of the total amount.

The entity has also led this business by number of operations, with 28% of the transfers carried out in Spain.

Since February 2018, when the instant transfer system became available in Spain, the system had transferred 16,800 million euros by the end of the year in more than 23.2 million transfers, according to Iberpay data regarding operations carried out through the ASI4 service. Of these, Bankia carried out 6.6 million transfers for a combined amount of 6,500 million euros.

Immediate transfers, which became available in Spain last February, are a new type of transfer whose main characteristic is that the funds are transferred immediately. The process lasts less than 20 seconds. That is, the amount is available to the payee after this time lapse.

In Bankia, immediate transfers can be made from offices or through remote platforms (Bankia On Line, Bankia app for smartphones and tablets, ATMs, etc.) which are operational 24 hours a day, seven days a week.

This new transfer mode is available for both individuals and companies and can be used for transfers of up to 15,000 euros.

Immediate transfers for companies

"Bankia is the only Spanish bank that offers companies the possibility of making massive transfers, such as payroll transfers, instantaneously," said Mauro Fernández Revenga, director of Products and Business Services, that "has been key when it comes to increasing the volume and the number of operations".

Last September, Bankia implemented a number of innovative measures "that place the entity at the forefront of payment management for companies", underlined Fernández Revenga. "This allows us to process massive instant payment files automatically and without the need for the client to make specific requests", he added.

Regarding individuals, these operations are free for all members of the 'Por ser tú' program, with 4.3 million customers. This includes all customers with payroll accounts.

Instant transfers coexist with ordinary transfers, which have a maximum payment tern of D + 1 (one business day after the order) and have no limit in transfer amount.

Bankia has launched the 'Payment Optimizer' for businesses, which means that the bank will process all transfer orders, including payroll transfers, in the most efficient manner possible. To do this, Bankia will issue these orders as immediate transfers whenever possible, but when it is not (for example, because the amount exceeds the maximum amount allowed by this transfer mode) they will be processed as same day value payments and, as a last resort, as regular transfers.

On the other hand, private customers can choose the transfer that best suits their needs, instant or regular.

The area in which the new type of transfers is available is the SEPA (Single European Payments Area), made up of European Union countries, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland.

Share

Print and/or download the new

Read more about these topics

#Business

Related news

The president of Bankia, José Ignacio Goirigolzarri, during his inaugural speech at Forinvest in Valencia.

Business

At the inaugural speech of Forinvest in Valencia

Goirigolzarri: "Our goal is to turn Bankia into the preferred bank in Spain"

To achieve this, Bankia has "customer satisfaction, an excellent corporate governance, a permanent vocation of service to society and absolute respect for our principles and values".

Communication Bankia

By  Communication Bankia

Publish on 
05 March 2019 - 13:30

  • The president of Bankia highlighted, at the main financial forum of the country, the importance of customer satisfaction, the permanent vocation of service to society, excellent corporate governance and the "absolute respect for principles and values" required to achieve this goal
  • Goirigolzarri claimed that "we must be aware of and deal with" the reputation of banking and argued that "Bankia is possibly the best example of the recovery of the financial system"
  • "Valencia is our home, we were born here and here we have our headquarters since the beginning" he said.

The president of Bankia, José Ignacio Goirigolzarri, has assured that the objective of the financial institution is "to be the preferred bank in Spain" and that, to achieve this, Bankia has "customer satisfaction, an excellent corporate governance, a permanent vocation of service to society and absolute respect for our principles and values".

Goirigolzarri has inaugurated the twelfth edition of the Forinvest fair, which is being held today and tomorrow at the Valencia Fair, with a conference entitled 'Bankia against the challenges of the financial system'.

"In the main financial forum of our country", he pointed out that, strategically, the companies that overcome the challenges of the future will be those that "give a high quality response in virtual relations with their customers, promoting digital practices to protect data privacy” and that, at the same time, are capable of "accommodating their traditional distribution network so that it complements a multi-channel approach and is a source of competitive advantages".

The great challenges of the financial sector

The president of Bankia underlined in the course of his speech that "the two great challenges" of the Spanish economy in the medium and long term are the high level of unemployment and the level of public debt.

In addition, he pointed out that the financial industry faces three major challenges: reputation, profitability and the strategic challenge derived from the change of habits of its customers due to the emergence of new technologies.

With regard to reputation, Goirigolzarri stressed that "the financial system is key to the future of society" and has admitted that, in 2012, it was the main economic problem in Spain, but that it has carried out "a very significant restructuring and transformation process". "While it is true that the bailout received made it solvent and guaranteed the safety of the customers and the system, it was not a guarantee of its viability in the long term", he pointed out.

"The savings of the depositors were rescued, but the bank, employees and shareholders have undergone a profound restructuring process", he explained, assuring that "it has led it to a 40% decrease in offices and a similar decrease in workforce, about 80,000 people". In this regard, Goirigolzarri argued that "Bankia is possibly the best example of the recovery of the financial system".

The president of Bankia stressed that he has "always" considered reputation to be "highly important". "We must not only be aware of, but also deal with what society is asking of us because it is evident that society is very disappointed with the operation of the financial system during the crisis", he acknowledged.

On the opening day of Forinvest, Goirigolzarri stressed the importance of having "excellent corporate governance practices" and insisted that "the sustainability of a project lies in society finding it useful" and "wanting us to exist".

In addition, the president of Bankia has mentioned profitability as one of the great challenges faced by the financial industry. "Without adequate profitability, which must be higher than the capital cost, the bank will be unable to attract investors and, therefore, finance the economy", he warned, and mentioned negative interest rates as a cause of low profitability along with the continuous deleveraging of families and businesses.

Lastly, Goirigolzarri pointed out that banking faces a "very important" strategic challenge derived from the change in customers' habits and that "it is boosted by a technological revolution".

However, he stated that he sees this technological change "as a great opportunity" and not "as a great threat" along with the fact that there are new competitors due to the rise of new technologies. "Technology is a weapon that should allow us to improve service to our customers," he remarked.

Bankia Fintech by Innsomnia in Valencia

Goirigolzarri pointed out that Bankia's strategy regarding new competitors is "collaboration and alliance" and that, for this reason, it created Bankia Fintech by Innsomnia in La Marina de Valencia, with the aim of incubating and accelerating national and international startups. He explained that, in two and a half years, it has received more than 300 startup applications from which the entity has selected 47, with 60% of which it has signed a collaboration agreement.

The president of Bankia also stressed that Valencia is "a very important region" for the entity. "It's our home, we were born here as a bank, and here we have our headquarters since the beginning", he said, and highlighted its "great importance from a business perspective."

In this line, he acknowledged that the fact of having 1.6 million Valencian customers, more than 60,000 companies working with the entity in the Community of Valencia and having a 19% market share in the province of Valencia entails a "great responsibility".

Share

Print and/or download the new

Read more about these topics

#Business

Related news

Corporate information

Ordinary dividend charged to 2018 income

Bankia increases the shareholders dividend by 5% to 357 million and shortens the debt repayment period

The dividend distribution proposal allows us to continue advancing in the return of the grants to reach 3,083 million euros.
 

Communication Bankia

By  Communication Bankia

Publish on 
24 January 2019 - 19:15

  • The Board of Directors will propose increasing the dividend to 11.576 euro cents per share against 2018 income, an increase of 5%
  • The dividend will be paid in a single lump-sum cash payment in April
  • The State will receive 219 million euros through its current stake in the Fund for the Orderly Restructuring of the Banking Sector (FROB), signifying that Bankia will have repaid a total of 3,083 million euros of its loans

Bankia's Board of Directors has agreed propose a dividend to the Shareholders’ General Meeting totalling 357 million euros charged to 2018 income, an increase of 5% over the previous financial period.

If approved, the ordinary dividend will be set at 11.576 euro cents per share, a 5% increase with respect to the previous financial period.

This will be the fifth dividend in Bankia’s history, the first of which was disbursed in July 2015, when shareholders shared 1,517 million euros.

The dividend is expected to distributed as a single lump-sum cash payment in April.

The bank has repaid 3,083 million euros of debt to the government

The Fund for the Orderly Restructuring of the Banking Sector (FROB) directly and indirectly holds a 61.4% stake in Bankia through BFA Tenedora de Acciones. If this situation has not changed on the dividend date, the bank will have repaid an additional 219 million euros to taxpayers.

The dividend will mean that the bank can repay its debt to the state earlier than scheduled, and once this payment has been made, the bank will have repaid a total of 3,083 million euros to the FROB, which can be broken down as follows:

  • 1,304 million euros on privatisation of 7.5% of Bankia’s equity in February 2014.
  • 818 million euros with the sale of a further 7% of equity in December 2017.
  • And five dividend payments, representing a total of 961 million euros for the FROB (128 million in 2014, 195 in 2015, 211 in 2016, 208 in 2017 and, when the time comes, 219 million from 2018 profits).

Share

Print and/or download the new

Related news

Business

PayPal is now available at Bankia

Bankia customers can now integrate their PayPal account into the platforms of the bank, thus making users' experience easier. 

Communication Bankia

By  Communication Bankia

Publish on 
04 December 2018 - 11:30

  • The agreement between both companies is the first collaboration of this kind reached by PayPal with a bank in Spain
  • Customers of Bankia can now open and link their PayPal account to the bank's online platforms and use PayPal directly from Bankia
  • PayPal users can select their Bankia card as the preferred method of payment to carry out their transactions on PayPal

These services are part of the strategic agreement announced last March, the first collaboration of this type between PayPal and a Spanish bank.

Therefore, starting today, Bankia customers can open and link their PayPal account to the online platforms of the bank to enjoy the PayPal experience directly from Bankia.

In addition, thanks having their accounts linked, users can enjoy a number of benefits:

  • Add cards: Bankia customers can automatically add their cards to PayPal in an easy, fast and secure manner.
  • Transaction history: Bankia customers can see all the transactions they make with their Bankia cards and bank accounts associated with their PayPal account in the Bankia Online transaction history and the Bankia mobile application.
  • Default funds source: PayPal users can select their Bankia card as the preferred payment method to make their payments on PayPal.
  • Digital display of Bankia cards: PayPal and Bankia customers will see their Bankia cards displayed on the PayPal Wallet when carrying out a payment.
  • Security and convenience: the companies are collaborating more closely and use tokenisation, data and analysis technology, along with anti-fraud tools to provide a safe and more practical shopping experience in both website and mobile online shopping.

"Thanks to this important agreement with PayPal, we allow our customers to operate with the leading payment method in e-commerce," said Felix Uriarte, Bankia's Digital Banking director. "With the integration of PayPal and Bankia we take an important step in our strategic objective of offering our customers the full range of payment methods available in the market," he added.

"We are part of a world in which consumer behaviours change so rapidly that new terms that were unheard of a few years ago emerge from behaviours that are already taking place" said Raimundo Sala, general manager of PayPal in Spain and Portugal. "Who had heard about m-commerce a few years ago, for instance? It is essential to be aware of this and to support the transformation or, rather, the evolution of banking towards the digital sector. Our collaboration with Bankia is a clear example of this and shows how the synergies between online and offline factors can benefit the user, which is our common goal"

About Bankia

Bankia is the fourth largest Spanish bank, with a volume of assets of 214,000 million euros, 8.2 million customers and a network of 2,250 offices spread throughout Spain. Bankia operates through a multi-channel universal banking model through which it serves both individuals and companies.

For more information, visit https://www.bankia.com 

About PayPal

Driven by the fundamental belief that having access to financial services creates opportunities, PayPal (Nasdaq: PYPL) is committed to democratising financial services, encouraging people and businesses to join and thrive in the global economy. Our open digital payments provide our more than 254 million active account holders with the confidence to connect and operate in a new and powerful way, whether online, on a mobile device, on an application or in person. Through a combination of technological innovation and strategic alliances, PayPal creates better ways to manage money and offers options and flexibility when sending, making or receiving payments. Available in more than 200 markets around the world, the PayPal platform, which includes Braintree, Venmo and Xoom, allows consumers and businesses to receive money in more than 100 currencies, withdraw funds in 56 currencies and keep balances in their PayPal accounts in 25 currencies.

For more information about PayPal, see https://www.paypal.com/about. For financial information, see: https://investor.paypal-corp.com.

Share

Print and/or download the new

Read more about these topics

#Responsible digitalization

Related news

Newsletter

Subscription to the bulletin of Bankia News

CONTACT

External Communication Direction

Virginia Zafra de Llera
DIRECTOR OF EXTERNAL COMMUNICATION
vzafra@bankia.com

 

Press Relationship

Guillermo Fernández Martín
DIRECTOR OF PRESS RELATIONSHIP
gfernandezm@bankia.com

Mariano Utrilla Cortijo
mutrilla@bankia.com

Irene Rivas García
irivas@bankia.com

Belén Porras Povedano
bporras@bankia.com

María Campos Lages
mcamposla@bankia.com

María José Cabeza Calderón
jcabeza@bankia.com

 

Digital Communication

Ana Bernad Colás
DIRECTOR OF DIGITAL COMMUNICATION
abernad@bankia.com

Leticia Lucio Álvarez
llucio@bankia.com

María Navarro Caballero
mnavarro@bankia.com

   

End of main content