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2017 Extraordinary General Meeting of Shareholders

General Meeting of Shareholders

14 September 2017

Goirigolzarri reiterates that the merger with BMN will boost banking business revenues and increase profitability

  • The transaction will lead to higher revenues in both net interest income and in fees and commissions.
  • Goirigolzarri said that these potential revenue synergies “are not included in the profitability calculations of the transaction”.
  • The bank estimated that the Bankia and BMN merger would result in a 16% increase in earnings per share.
  • The bank’s chairman highlighted that the merger comes at a time when “the Spanish economy is growing strongly” and interest rates may normalise “at some point next year”.

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  • Junta General Extraordinaria de Accionistas de Bankia de 2017 - 4
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