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Bankia Pays 2018 Dividend and Repays a Further €219 Million to Spanish State

This is the fifth dividend paid in Bankia's history and the Bank continues repaying the aid received and has now returned 3,083 million euros.

Communication Bankia

By  Communication Bankia

Publish on 
11 April 2019 - 09:15

  • The Annual General Shareholders' Meeting of this past 22 March approved a dividend distribution of 357 million euros, 5% higher
  • The Bank continues repaying the aid received and has now returned 3,083 million euros

Bankia is paying out an ordinary dividend against 2018 earnings of 11.576 euro cents per share in a single cash payment. This marks a further advance in the Bank's repayment of the State aid received, as the Spanish national government will receive €219 million of this dividend.

This past 22 March, the Annual General Meeting of the Bank's shareholders approved a dividend distribution of 357 million euros, 5% more than the previous year's pay-out.

This is the fifth dividend paid in Bankia's history. Since July 2015, when the Bank made its first pay-out to shareholders, the cumulative dividends distributed total 1,517 million euros.

At present, the FROB holds, directly and indirectly through BFA Tenedora de Acciones SAU, an equity stake of 61.4% in Bankia.

Based on that shareholding, the Bank is now returning a further 219 million euros to taxpayers with the 2018 dividend, bringing the total repaid to 3,083 million euros.

Of those 3,083 million euros, a total of 2,122 million euros were generated by the privatisation transactions carried out in February 2014 and December 2017, and the remaining 961 million euros are in respect of dividends paid to the FROB (128 million against 2014 earnings; 195 for 2015; 211 for 2016; 208 for 2017 and 219 million for 2018).

The Bankia Strategic Plan 2018-2020 envisages distributing more than 2,500 million euros to shareholders in ordinary dividends and refunding its capital in excess of the 12% CET1 fully loaded threshold.

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From left to right: Bankia's regional corporate manager in Murcia and Alicante, Olga García; and the chairman of AJE Región de Murcia, Ginés Ángel García.

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'Bankia Award for Young Entrepreneur of the Year. Heroes 2019 '

Bankia and AJE Región de Murcia open the deadline to search for the best entrepreneurs of the year in the region

These awards try to recognize the work and merits of Murcia businessmen who have stood out for their contribution to economic development in the Región de Murcia.
 

Communication Bankia

By  Communication Bankia

Publish on 
03 May 2019 - 09:15

  • Nominations are open until 28 May and the winner will be announced at the ceremony on 28 June at the Víctor Villegas Auditorium
  • The main awards will be the 'Young Entrepreneur of the Year Award' and the 'Best Start-up Award', and the main novelty will be an 'Honourable Mention to Institutional Support for Entrepreneurship'

The Association of Young Entrepreneurs of the Region of Murcia (AJE) is holding the 20th edition of the 'Bankia Young Entrepreneur of the Year Award. Heroes 2019' with Bankia's support to search for the best entrepreneurs in the Región de Murcia.

The deadline for nominations is 28 May for an award acknowledging the work and merits of entrepreneurs under the age of 40 who have excelled for their contribution to economic development and the creation of jobs and wealth in the Región de Murcia.

The agreement was signed at Bankia's headquarters in Murcia by the Bankia's regional corporate manager in Murcia and Alicante, Olga García; the chairman of AJE Región de Murcia, Ginés Ángel García, and the manager of AJE Región de Murcia, David Lopera. The signing was also attended by the commercial director of Bankia in Murcia and Alicante, Luis Antón; and the director of the Bankia Business Centre in Murcia, Javier León.

The 'Young Entrepreneur of the Year Award' and the 'Best Start-up Award' will be the main awards in this edition, which will also grant an 'Honourable Mention to Business Career' of a leading employer in the Región de Murcia and, as a novelty, an 'Honourable Mention to Institutional Support for Entrepreneurship'.

Bankia's regional corporate director in Murcia highlighted the bank's commitment to supporting young entrepreneurs in a fundamental region for Bankia and to acknowledging the work they do and the projects they undertake, in which we would like to accompany them".

For his part, the chairman of AJE Región de Murcia, said that "these awards recognise the work and effort of young people who, in pursuit of personal development, have dedicated their lives to creating a business project with a positive and outstanding impact on our society".

As key requirements, young entrepreneurs who wish to take part in this edition of the AJE Awards must have their company headquarters in the Región de Murcia or have been born in the region and their company, even if it is located elsewhere, must have a strong connection with the regional business fabric or a relevant impact on it.

Candidates must also be the owners, founding partners or instrumental parties to the company's success and be senior managers. All candidate companies must have been created before 1 January 2018 and, in the case of startups, after 1 January 2016.

The terms and conditions of the awards and the application form are available at www.premioaje.es. The Board of Directors of AJE Región de Murcia will choose the finalists who will be eligible for the main awards on 7 June.

The three candidates will have the opportunity to present their project directly to a jury made up of important figures from the economic and business world. The winner will be announced at the ceremony to be held on 28 June at the Víctor Villegas Auditorium and Congress Centre in Murcia.

The finalists will enter the final stage of the National Young Entrepreneur Award of the Spanish Confederation of Young Entrepreneurs Associations (CEAJE), of which AJE Región de Murcia is a member.

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Bankia joins the UN's Principles for Responsible Banking

The banking entity maintains a model of Responsible Management that has as its objective not only economic profitability, but also social responsibility and respect for the environment.
 

Communication Bankia

By  Communication Bankia

Publish on 
29 May 2019 - 11:45

  • The UN Environment Programme Financial Initiative (UNEP FI) is a worldwide collaboration between financial institutions and the United Nations to identify and promote a good relation between financial institutions and sustainable development
  • By adhering to the six Principles for Responsible Banking, Bankia is committed to adapting its business to the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change
  • "Adherence to the Principles for Responsible Banking means continuing our path towards a fairer economy, capable of transforming the environment and contributing to the UN 2030 Agenda", said Bankia's chairman, José Ignacio Goirigolzarri

Bankia has joined the United Nations Environment Programme Financial Initiative (UNEP FI), which includes 240 financial institutions around the world.

This global initiative, promoted by the United Nations, seeks to achieve synergies between responsible banking and sustainable development, thereby committing financial institutions to contributing to the improvement of society and the environment by supporting the construction of a more sustainable and inclusive world.

By adhering to the UNEP FI, financial institutions openly acknowledge their active role in creating a sustainable economy and are committed to integrating environmental and social considerations into their operations.

The chairman of Bankia, José Ignacio Goirigolzarri, said that "the sustainability of our project is based on a Responsible Management model aimed not only at economic profitability, but also at social responsibility and respect for the environment".

"This management model is reinforced through our adherence to these Principles for Responsible Banking, which entail continuing our path towards a fairer economy, capable of transforming the environment and contributing to the Sustainable Development Goals and the UN Agenda 2030", the chairman said.

By adhering to the six Principles for Responsible Banking, financial institutions publicly assume the duty to adapt their activities to the SDGs and the Paris Agreement. They are committed to expanding their positive impacts, reducing the negative ones, working responsibly with their customers to foster sustainable practices and involve stakeholders in order to achieve the objectives.

The UN initiative calls for sound governance and goal-oriented policies. These points will be reviewed periodically by the institutions that will report on the impacts of their activity with full transparency and accountability.

Currently, the Principles for Responsible Banking are in a public consultation phase until 31 May. During this period, financial entities and stakeholders around the world can submit feedback, which will then be evaluated for incorporation into the principles that will be ratified by banks at the UN General Assembly, to be held in New York in September 2019.

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José Sevilla during his speech at the XXVI Meeting of the Financial Industry organized by Deloitte and ABC

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José Sevilla has participated in the XXVI Meeting of the Financial Industry

Bankia generated a capital of 1.17 billion euros by March

The CEO of Bankia has indicated that these figures allow to advance in the goal of distributing up to 2,500 million euros among shareholders, as reflected in the current Strategic Plan 2018-2020.

Communication Bankia

By  Communication Bankia

Publish on 
08 May 2019 - 18:00

  • José Sevilla has participated in the XXVI Meeting of the Financial Industry organized by Deloitte and ABC
  • The CEO of Bankia has also highlighted the effort made by the entity in reducing unproductive assets "well above the objectives we had set ourselves"

Bankia's CEO, José Sevilla, highlighted that the bank generated a capital of 1.17 billion euros in 2018 and the first quarter of 2019, which makes it possible to move forward with the goal set forth in the 2018-2020 Strategic Plan to distribute up to 2.5 billion euros among its shareholders.

This was mentioned by Sevilla during his speech at the XXVI Meeting of the Financial Industry held by Deloitte and ABC, at which he reiterated the bank's commitment to creating value for all its shareholders.

Sevilla explained that these 2.5 billion will be distributed in several ways. Firstly, through ordinary dividends and, secondly, through the generated excess capital above 12% CET1 fully loaded.

In 2018, this excess capital and the undistributed dividend reached 548 million euros, while the payment to shareholders via ordinary dividend was 357 million euros, 5% higher than the previous year.

As a result, capital generation reached 1.17 billion euros at the end of the first quarter, although the regulatory impact (TRIME and IFRS16) subtracted 265 million euros, placing the generated capital figure at 905 million euros .

However, the CEO of the bank has assured that this impact "will be reduced in the coming quarters and we will not have great negative effects for this year or for 2020".

On the other hand, Sevilla highlighted the commercial dynamism of the start of the financial year and the benefits of the integration of BMN, which have made it possible to advance the capture of the initially expected cost synergies over time.

Finally, he highlighted the effort made by the bank to reduce non-performing assets "well above the targets we set for ourselves", which will reach around 8 billion by the end of 2020, from almost 17 billion in December 2017.

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Bankia enters the Euronext Vigeo Eurozone 120 index of most sustainable companies

Bankia directs its management model and its business strategy towards, and in this context, the group has a Responsible Management Plan 2019-2020.

Communication Bankia

By  Communication Bankia

Publish on 
31 May 2019 - 09:45

  • The index distinguishes European companies that have shown great progress on environmental, social and good governance issues
  • This recognition confirms Bankia’s strong commitment to sustainability

Bankia has joined the Euronext Vigeo Index Eurozone 120, an index that recognises the bank's commitment to developing the best sustainable environmental, social and corporate governance practices.

To be part of this index, which is reviewed every six months, the rating agency Vigeo Eiris evaluates up to 330 indicators according to the Equitics methodology. The 120 Eurozone companies included in the index have reached the highest valuations in the last revision.

The scores are based on criteria that include analysis of six dimensions: human rights, the environment and climate change, employment policies, relations with stakeholders, corporate governance, and contribution to economic and social development.

In 2012, the New York Stock Exchange and Vigeo launched these sustainability indexes on the market, whose companies are chosen after a thorough analysis of their social, environmental and good governance risks.

Bankia directs its management model and its business strategy towards sustainability and generating value for the environment. In this context, the group has a Responsible Management Plan 2019-2020 to respond to the sector challenges in the coming years.

This plan has three fundamental challenges: preventing risks in the social, environmental and good governance areas; supporting management with greater control over the processes, fostering continuous improvement and responding to the expectations of stakeholders; and driving leadership, so that Bankia is at the forefront of its sector in so far as sustainability.

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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

   

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