Bankia will finish its restructuring plan in one year, two l

Dołączył: 06 Mar 2024 Posty: 1

It has already closed 666 offices of the 1,143 planned Bankia's restructuring process is advancing at an accelerated pace with regard to the reduction of its branch network. Between March and June, the financial institution has closed more than half of the offices that it plans to close in one year, which means shortening by two years the period that the European Commission gave it to carry out its adjustment. IBEX 35 companies must hire two different auditors to certify their accounts. The Government drafts a decree to avoid more 'pufos' like Bankia or Pescanova Bankia ends the “No Commissions” program that it launched in . It has begun to charge customers who do not accompany the payroll with another product The rescue of Bankia with more than 22,000 million euros from public coffers had as a condition the implementation of a tough three-year adjustment plan, approved by the European Commission and the Bank of Spain, which included the closure of numerous offices throughout Spain.

The management of the nationalized entity opted to accelerate the process of restructuring its branch network, and in February announced a plan to close 1,143 offices and finally keep around 2,000. As El Confidencial Digital has learned from bank sources, as of June 30, Bankia had already closed 666 branches, which represents 58% of the objective, which it hopes to achieve in the first quarter of 2014. In Madrid and Valencia the office network is already consolidated Until now, branch closures have occurred throughout Spain but, as Middle East Mobile Number List explained to ECD , they have been concentrated above all in the two regions where Bankia brings together most of its business: Madrid and the Valencian Community. At the end of May, the entity chaired by José Ignacio Goirigolzarri had already closed the planned offices in Madrid and the Valencian Community as well as in Murcia and the Balearic Islands, although in these last two regions its presence is very limited. Bankia highlights the importance of its networks in Madrid and the Valencian Community having already completed its adjustment, because it means having already stabilized 60% of the business , which also represents 86% of the volume of deposits and 80% of the gross margin of your office network.

The sources consulted by this confidential explain that the bank focused on its two most important areas to put an end to two sources of instability as soon as possible. Furthermore, both in Madrid and the Valencian Community the change of image of the offices of the former savings banks to that of Bankia has already been completed . The entity's intention to conclude the adjustments as soon as possible is motivated because, as they argue, "this gives peace of mind to the workers - who already know that they are not going to be fired - and to the customers, who know that the branch is not going to be closed." of his neighborhood.” exp-player-logo They locate a cayuco with 68 immigrants, including four deceased, in waters near El Hierro Starting in September, closures will be concentrated in Andalusia or Catalonia Once the adjustment in the key autonomies for Bankia is completed, the nationalized entity will focus on reducing its branch network in other regions. Specifically, starting in September, branches in Andalusia (where there are now 187 offices) or Catalonia (354) will close.