NCG Banco

NCG Banco, S.A.

Type	Sociedad Anónima
Traded as	Novagalicia Banco
Industry	Financial services
Predecessor(s)	Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra
Founded	A Coruña, Spain (September 15, 2011 (2011-09-15))
Headquarters	A Coruña, Spain
Number of locations	NGB: 680 branches Abroad: 10 offices
Area served	Nationwide
Key people	José María Castellano, President César González-Bueno, CEO
Services	Retail banking Commercial banking
Owner(s)	Banesco Banco Universal S.A (100%)
Employees	5,946 (2012)
Divisions	NCG Corporación Industrial, S.L. NCG División Grupo Immobiliario, S.L.
Website	www.ncgbanco.es

NCG Banco, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of León.

History

Evo Banco

On March 12, 2012, NCG Banco began operating outside of Galicia under the brand name EVO Banco and launched its main financial product the Cuenta Inteligente.^[1] In its first four weeks EVO Banco had attracted 8,290 clients and 70 million euros.

On September 9, 2013, NCG Banco announced that it would sell EVO Banco to the American private equity firm Apollo Global Management for 60 million euros.^[2]

Operations

Headquarters

NCG has two operating headquarters; the social and tax address is located in A Coruña and the institutional and business address is in Vigo.

Shareholding

As NCG Banco's predecessor, the savings bank Novacaixagalicia, was nationalized by the Government of Spain the majority of the shares in the company are held by the bailout program Fund for Orderly Bank Restructuring (90.57%). The Novacaixagalicia Foundation holds 6.84% with the remaining 2.59% being held by private investors.

Investment portfolio

See also

• Fondo de Reestructuración Ordenada Bancaria

References

External links

Official

• www.ncgbanco.es
• www.novagaliciabanco.es

Financial

• NCG Banco, S.A. — Comisión Nacional del Mercado de Valores

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