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

At the bank's operational headquarters in Madrid

Bankia holds its Second Meeting with Shareholders

The situation of the entity and its future strategy, the evolution of the share and the shareholder remuneration, among other matters, have been the issues discussed at the meeting.
 

Communication Bankia

By  Communication Bankia

Publish on 
12 December 2019 - 12:45

  • This specialised meeting seeks to share the bank’s strategy with shareholders, thereby fostering transparency and dialogue
  • More than 100 shareholders attended the meeting, along with Bankia’s CFO, Leopoldo Alvear; the corporate director of the Retail Network, José Ignacio Fanego; and the director of Bankia Studies, José Ramón Díez
  • Bankia held a first meeting with shareholders in Valencia last July to provide them with relevant information about the bank, analyse their opinions and identify opportunities and areas for improvement

Bankia has held its Second Meeting with Retail Shareholders at the bank's operational headquarters in Madrid, with the aim of informing, fostering dialogue and improving the relationship between them. More than 100 shareholders attended the meeting, along with Bankia’s CFO, Leopoldo Alvear; the corporate director of the Retail Network, José Ignacio Fanego; and the director of Bankia Studies, José Ramón Díez.

After the first meeting with shareholders held in July this year in Valencia, Bankia has decided to repeat the initiative following its successful reception. With these meetings, the bank seeks to communicate the bank’s strategy and relevant information to its shareholders, and to listen to and analyse their perspectives, their recommendations, needs and suggestions through an open and transparent debate aimed at improving and providing the best possible service.

José Ignacio Fanego, corporate director of the Retail Network, was in charge of welcoming and presenting the meeting, noting that this is the first event of this type in the Community of Madrid. "We have chosen Madrid because of the importance of the region for the bank’s business: the bank’s first network, the weight of its turnover and its customers in the Community", he added.

The meeting analysed the situation of the entity and its future strategy, the evolution of shares and shareholder remuneration, the global economic and financial outlook and the status of the Spanish economy.

For his part, the CFO of Bankia, Leopoldo Alvear, stressed that the bank has an important capacity to generate capital organically. "Since the start of the Strategic Plan and until the end of September, Bankia has generated more than 1.3 billion euros", he explained.

In addition, Alvear has reiterated the bank's commitment to distribute 2.5 billion euros between dividends and excess capital above 12% CET1 fully loaded until 2020 and recalled that Bankia's goal remains to become the “best bank in Spain”.

He also stressed that Bankia distributed more than 1.5 billion cash dividends in the last five years and that it managed to reduce its non-performing assets by 6 billion euros in 2018. "In 2019 we continue with this trend of NPA reduction," he added.

During the meeting, the director of Bankia Studies, José Ramón Díez, presented the evolution of the international economy and the financial industry and its forecast for 2020. "GDP growths similar to those of this year are anticipated for next year and the balance of growth risks will continue to have a downward tendency” he said.

In his speech, he also explained that "the Spanish economy is continuing its expansionary phase, but losing dynamism", and that employment loses momentum, even though household income is increasing thanks to the upward trend in salaries.

Shareholders have had the opportunity to express their concerns in the subsequent round of questions. Bankia, within the framework of the Shareholder Loyalty Plan, will hold more face-to-face meetings with retail shareholders.

Share

Print and/or download the new

Read more about these topics

#Shareholders

Related news

Loading...
Loading next new

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

 

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