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.
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 Baa2 (lower medium grade).
Bankia, S.A. participates in deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.
Bankia, S.A. is headquartered in Valencia.