What happened to Bankia?
As of 2017, Bankia was the fourth largest bank of Spain with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity but preserving the name of the latter.
Who took over Bankia?
Caixabank
Caixabank agreed to buy Bankia in September for 4.3 billion euros ($5.2 billion) to create Spain’s biggest domestic bank with more than 650 billion euros in assets. The new entity will not have to divest any of its businesses, the CNMC said.
Who bailed out Spain?
The International Monetary Fund, which oversaw the bailout along with the European Commission and European Central Bank, has tripled its growth forecast for Spain this year, though from a paltry 0.2% to a slightly better 0.6%.
Which bank in Spain is best for expats?
Best Banks in Spain for Expats
- BBVA Bank Spain. When it comes to opening a bank account in Spain and particularly for non-residents, the BBVA Bank Spain is definitely a choice to have in mind.
- Banco Popular.
- Santander Bank.
- Sadabell Bank Spain.
- Bankia Spain.
- Revoult Spain.
- N26 Online Bank.
- TransferWise.
How can I contact Bankia in English?
By phone: on 900 10 30 50 and if you are calling from outside Spain on +34 916 024 680. In writing: by letter or using the complaints form you can obtain from any of our branches.
What is the swift code for Bankia Spain?
CAHMESMMXXX
The SWIFT/BIC code for BANKIA S.A. is CAHMESMMXXX.
Is Bankia now CaixaBank?
Now, Who is my bank? Following the merger, the banks have decided to keep CaixaBank’s name and logo. For this reason, from a legal point of view, you become a CaixaBank customer and all the contracts you have signed with Bankia are understood to be signed with CaixaBank.
Why is Spain so broke?
The main cause of Spain’s crisis was the housing bubble and the accompanying unsustainably high GDP growth rate. The results of the crisis were devastating for Spain, including a strong economic downturn, a severe increase in unemployment, and bankruptcies of major companies.
Why is unemployment so bad in Spain?
The increase in segmentation of the labor market, the lack of effective employment policies and deficiencies in the education system have been cited as some of the principal reasons behind the significant level of youth unemployment in Spain.
What is the maximum amount of euros I can take to Spain?
€10,000
You can bring up to €10,000 – or the equivalent in another currency – into Spain, without needing to take any specific action. Carry in excess of that, and you have to complete a declaration when you arrive – more on that later.
What is the safest bank in Spain?
Banco Santander Santander operates a network of around 12,000 branches worldwide including 3,200 branches in Spain. The company is the safest bank in Spain according to Global Finance.
How do I get a digital signature for Bankia?
Do you need to generate a new digital signature? You can create a new signature instantly by entering the Bankia App or from the option “Customise» of Bankia Online. You can also go to any Bankia branch or call to the 900 10 30 50 (+34 91 602 46 80 for calls from the foreigner).