Bankinter

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Bankinter, S.A.
Type Sociedad Anónima
Traded as BMADBKT
Industry Financial services
Founded 1965
Headquarters Madrid, Spain
Key people Pedro Guerrero (Chairman), María Dolores Dancausa (CEO)
Products Retail and business banking
Revenue 1.102 billion (2010)[1]
Profit €150.7 million (2010)[1]
Total assets €54.02 billion (end 2010)[1]
Total equity €2.453 billion (end 2010)[1]
Employees 4,540 (end 2010)[1]
Website www.bankinter.com
The Bankinter building in Seville, architect Aníbal González (1907-1909).

Bankinter, S.A., (Spanish pronunciation: [baŋˈkinter]), formerly known as Banco Intercontinental Español, is a Spanish commercial bank. Bankinter was in 2007 the sixth-largest listed banking group in Spain.[2]

The biggest individual shareholder in the company is Crédit Agricole, which acquired around 20% in late 2007.[3] The Bank of Spain subsequently gave authorisation for CA to increase its stake to just below 30%,[4] but such a move has not yet been announced.

History[edit]

Banco Santander and Bank of America founded BankInter in 1965 as a joint venture, though neither is currently an owner. In 1972 it became fully independent of its founders and floated on the Madrid Stock Exchange, where its shares became one of the components of the IBEX 35.

References[edit]

  1. ^ a b c d e "Annual Results 2010" (PDF). Bankinter. Retrieved 7 February 2011. 
  2. ^ Barrett, Jane (17 January 2008). "Bankinter Confident After 2007 Net Up 74 Pct". Reuters. Retrieved 2008-12-30. 
  3. ^ House, Jonathan; Bjork, Christopher; Parasie, Nicolas (19 November 2007). "Credit Agricole to buy 19.53% of Bankinter". Dow Jones Newswires (MarketWatch). Retrieved 2008-12-30. 
  4. ^ Moya, Elena; Barrett, Jane (21 February 2008). "Spain Lets Credit Agricole Lift Bankinter Stake". Reuters. Retrieved 2008-12-30. 

External links[edit]