Banco Popular Español

Banco Popular Español S.A.

Headquarters (Madrid, Spain)
Type	Subsidiary
Traded as	BMAD: POP
Industry	Financial services
Founded	1926
Headquarters	Madrid, Spain
Key people	José Garcia Cantera (Chairman),
Products	Banking and insurance
Revenue	€3.462 billion (2010)^[1]
Operating income	€2.149 billion (2010)^[1]
Profit	€590.2 million (2010)^[1]
Total assets	$195.4 billion (2015)^[2]
Total equity	€8.220 billion (end 2010)^[1]
Number of employees	15,321 (end 2014)^[1]
Website	www.bancopopular.es

Banco Popular Español, S.A. (Spanish pronunciation: [ˈbaŋko popuˈlaɾ espaˈɲol]) was the sixth largest banking group in Spain before it was bought by Banco Santander as part of a rescue package in June 2017 ^[3]. The group consisted of the following companies:

A national bank: Banco Popular Español
A regional bank: Banco Pastor
A mortgage bank: Banco Popular Hipotecario
A private bank: Popular Banca Privada
A subsidiary in France: Banco Popular France (sold in December 2008 to the French bank Crédit Mutuel-CIC and renamed as CIC Iberbanco)
A subsidiary in Portugal: Banco Popular Portugal
A subsidiary in U.S.A.: TotalBank (Miami Dade)
A separate Internet bank: WiZink^[4]
An Estate Services subsidiary: Aliseda
Representative offices abroad: Belgium, Chile, Germany, Hong-Kong, Morocco, Netherlands, Switzerland (Geneva and Zürich), London, United States Of America, France, Italy and Venezuela.

History

1926: Founding of Banco Popular Español (BPE).
1968: BPE opens a representative office in Paris that became a subsidiary that by 1991 had a network of 14 branches in France.
1992: BPE converts its subsidiary in France into a joint venture with Banco Comercial Português under the name Banco Popular Comercial.
2000: BPE establishes a network of branches in Portugal.
2002: BPE and Banco Comercial Português part ways; Banco Popular Comercial becomes a wholly owned subsidiary of Banco Popular and changes its name to Banco Popular France. In Portugal, Banco Popular buys Banco Nacional de Crédito (BNC) and transfers its existing branches there to BNC. Later, in 2005, BNC changed its name to Banco Popular Portugal.
2007: BPE bought a small bank in Southern Florida (United States of America) called TotalBank for US$300 million.^[5] The bank has 20 branches in Miami Dade County and more than 400 employees.
2017: SRB puts Banco Popular under resolution process. All existing stocks and additional Tier 1 instruments are written down. Tier 2 instruments are converted into stocks and then sold to Banco Santander S.A. for EUR 1^[6].

References

1 2 3 4 5 "Annual Results 2010" (PDF). Banco Popular Español. Retrieved 7 February 2011.
↑ "The World’s Biggest Public Companies". Forbes.
↑ http://www.economist.com/news/finance-and-economics/21723143-european-bank-crises-go-was-orderly-one-banco-popular-fails-and
↑ https://www.wizink.es/home
↑ Bjork, Christopher (2007-07-11). "Spain's Banco Popular to buy U.S. TotalBank for $300 mln". MarketWatch. Archived from the original on 4 December 2009. Retrieved 2009-12-06.
↑ https://srb.europa.eu/sites/srbsite/files/note_summarising_effects_07062017_5.pdf

External links

IBEX 35 companies of Spain

Members of Euro Banking Association
Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Bank International AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG
Belgium	Dexia Bank NV KBC Bank NV Bank van De Post
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank
Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD
France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale
Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG
Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA
Hungary	Budapest Bank CIB Bank Erste Bank FHB Mortgage Bank Hanwha Bank Hungarian Development Bank Hungarian National Bank K&H Bank MagNet Bank MKB Bank OTP Bank Raiffeisen Bank Sberbank Europe Group TakarékBank UniCredit
Ireland	Allied Irish Banks Bank of Ireland
Italy	Banca del Fucino Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BPER Banca Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Cassa di Risparmio di Ravenna Banca di Imola Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol UBI Banca UniCredit
Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust
Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland
Poland	Bank BPH SA Narodowy Bank Polski
Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco
Slovenia	Banka Slovenije
Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.
Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB
United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA
Non-EU	Bank of China (CHN)

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.