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Asset management

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In a context such a prevails at present, where funds are predominantly flowing out of deposits into mutual funds, Bankia's asset management strategy is based of offering a full range of mutual funds and pension plans, so that every customer can find someting that meets his or her needs.

Managed assets | 6.38% market share

After the merger with BMN, Bankia has consolidated its position as Spain’s fourth largest financial institution, with nearly 17,000 million euros of assets under management, adding the 1,530 million from BMN to the 15,240 million already managed by Bankia before the merger.

INVESTMENT FUNDS

In less than four years Bankia has succeeded in doubling the assets managed in mutual funds, with an additional 2,225 million euros acquired during the year, crossing the threshold of 15,000 million euros to reach a total of 15,240 million.

This growth lifted the bank’s market share 27 basis points in 2017, to 5.8%.

A large part of the growth is linked to risk-profiled funds, matched to each customer’s risk profile. At year-end, this product already accounted for 8,487 million euros, 56% of total assets under management.

Bankia has two ranges of profiled funds, Bankia Evolución and Bankia Soy Así, each of which offers various risk levels, so that once their risk aversion has been analysed, customers can choose the one that best matches their profile.

The assets under management of the 39 open-ended investment companies (SICAVs) administered by Bankia increased to 240 million euros.

After the merger with BMN, Bankia has consolidated its position as Spain’s fourth largest financial institution, with nearly 17,000 million euros of assets under management, adding the 1,530 million from BMN to the 15,240 million already managed by Bankia before the merger. If BMN is included, the bank’s market share in mutual funds would increase to 6.38%.

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15,240

Millions of euros managed in funds

PENSION PLANS

Demographic trends in Spain, where life expectancy is increasing while the working-age population is decreasing, pose a challenge for the public pension system as we know it today.

Aware of the challenge, Bankia maintains its commitment to foster a culture of saving through pension plans, a product that is becoming one of the main pillars of workers’ retirement provision.

At year-end 2017, Bankia’s domestic market share in pension plans was 6.35%.

Bankia has 7,035.1 million euros of assets distributed in individual, employer and associated pension plans, always following the principle of maximum product customisation to suit each customer’s needs and retirement horizon. The assets are distributed as follows: 17.7% fixed income, 55.5% mixed, 21.1% guaranteed and 5.7% equity.

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COMMITMENT TO RESPONSABLE MANAGEMENT

Bankia Asset Management has a commitment to socially responsible investment (SRI) and is continuously working to extend its scope. The adaptation of the investments to ESG (environmental, social and governance) criteria has increased, both in terms of the number of employer plans in which ESG criteria are applied and in terms of asset coverage.

Initially, the only occupational pension plan that took extra-financial criteria into account in its investment decision making was the Bankia Group’s Employees Fund.

Gradually, ESG criteria have been extended to all the occupational pension plans managed by Bankia Pensiones. As regards asset classes, the coverage is already practically 100% in equity instruments and is increasing in fixed income securities, so that in most of the occupational pension plans more than 70% of the investment already meets ESG criteria.

7,035

Millions of euros in pension plans

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