Bankia was founded on December 3, 2010 to consolidate the operations of seven regional savings banks. In May 2012 Bankia was partially nationalized by Spanish government to avoid financial collapse. Bankia has two strategic business segments: retail banking and corporate banking, and also provides products and services in private banking, asset management and capital markets.
Becoming a client of Bankia, S.A. can be done in a few steps:
Due to regulatory requirements Bankia, S.A. performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Bankia, S.A. will ask him/her to provide the following documents: passport; proof of address. For corporate clients Bankia, S.A. will ask to provide corporate documentation as well as information about controlling persons. Bankia, S.A. may request additional documentation or information depending on the case.
Bankia, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).
Bankia, S.A. participates in the deposit guarantee scheme of Spain. This deposit guarantee scheme applies to credit balances on accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Bankia, S.A. is a member of Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) and makes its contributions into it.
Bankia, S.A. is headquartered in Valencia.
Bankia, S.A. has profiles at the following social networks: