Bankia 195 million won 156 more than0
by admin on Jul.31, 2011, under computer
Bankia 195 million won, 15.6% more than in 2010
. King Juan Carlos accompanied the President and Vice President of Finance and Savings Bank (Banki), Rodrigo Rato (3i) and Jose Luis Olivas (3d), respectively, during the family photo of the audience at the Palais des la Zarzuela. / Photo:
Reduction of staff and offices
Bankia has reduced its workforce by 1,700 workers and closed a total of 280 offices to the terms of the first quarter of 2011, according to, everquest 2 platinum, the agency sources said in the presentation of the quarterly results.
The bank resulting from the fusion of seven savings banks, led by Bancaja and Caja Madrid, has been estimated at 47% compliance with the objectives of the plan projected total of its comprehensiveness.
In this sense, since the entity has indicated that the original schedule anticipated, and that in the first year is expected lograrn all the synergies for the upcoming two years
The Financial and Savings Bank (BFA), which groups Caja Madrid, Bancaja, and boxes Insular de Canarias, Laietana, Avila, Segovia and Rioja, won 195 million euros to March, 15.6% m s than a year earlier, helped by, everquest 2 platinum, higher extraordinary income obtained. The ownership group Bankia, get prev subsidiary company with the financial business, obtained in the first three months of the year plusvalas 118 million from the sale of offices, as well as the shares of 5% Enagsy 20% of genes, the company of renewable energy.
These non-recurring revenues were used to strengthen the provisions, the agency explained today that aadi that transfers to provisions for impairment of financial assets amounted to 413 million euros. The agency closed the first quarter of the year with a core capital or assets of maximum quality from 7.34%, 7.1% better than they had three months earlier, while food with others their supplies genric, sto credits, 129 million to stand at 1.688 million, in an exercise of "caution" lights to indicate sources of BFA. The total solvency ratio of the group stood at 12.3%, 0.38 basis points more than at the end of 2010.
According to the information provided by the BFA, delinquencies rose to 6.68% at the end of March, 34 basis points above the 6.34% recorded in the previous quarter, with a coverage ratio -loss of 60%, slightly worse than the 61.3% prior. Also, the own funds of BFA were placed at the end of March at 24.167 million euros, of which 18.101 million were for equity s basic or first category.
As for the structure FUNDING, at the end of March, the agency funded 83% of credit granted to customers with committed by hese Deposit Policy, representing an increase of 6 percentage points December 2010 level.
Less credits
The credit back to customers, meanwhile, 2.2%, reaching 209,800 million, despite what the entity best market share of 9 basis points compared to December 2010 when put in the 11.77%. Thus, the BFA ended the first quarter with a turnover of 485,000 million euros, similar to the close of 2010.
The group's liquidity situation continues to be "comfortable", as the maturity of the emissions of the next three years (2011-2013) estn covered by the emission capacity with liquids assets amounting ams to 40,400 million euros, he said.
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