Banco Popular Español

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Banco Popular Español S.A.
Type Sociedad Anónima
Traded as BMADPOP, EuronextBPE
Industry Financial services
Founded 1926
Headquarters Madrid, Spain
Key people Ángel Ron (Chairman), Roberto Higuera (CEO)
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 €130.1 billion (end 2010)[1]
Total equity €8.220 billion (end 2010)[1]
Employees 14,250 (end 2010)[1]
Website www.bancopopular.es

Banco Popular Español, S.A. (Spanish pronunciation: [ˈbaŋko popuˈlaɾ espaˈɲol]) is the fourth largest banking group in Spain. The group consists of the following companies:

History[edit]

  • 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.[2] The bank has 14 branches in Miami Dade County and 250 employees.

References[edit]

  1. ^ a b c d e f "Annual Results 2010" (PDF). Banco Popular Español. Retrieved 7 February 2011. 
  2. ^ 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. 

External links[edit]