Bankoa, S.A.

Founded in 1975 as Banco Industrial de Guipúzcoa as an industrial bank, Bankoa has become a universal bank focused on Basque Country. In 1997 Bankoa was acquired by Credit Agricole (France). Bankoa provides retail and corporate banking products and services to private and business customers.

Financials

Total Assets (2016)
1 980.23 mln EUR  (+12.35%)
Net Income (2016)
8.15 mln EUR  (+20.01%)

In 2016 total assets of Bankoa, S.A. were 1 980,23 mln EUR. In 2016 the bank's net income was 8,15 mln EUR.

Bankoa, S.A. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Bankoa, S.A. participates in deposit guarantee scheme of Spain. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Bankoa, S.A. is a member of Crédit Agricole (France).

Contacts

Av de la Libertad, 5, 20004, San Sebastián, Spain

Bankoa, S.A. is headquartered in San Sebastián.

Bank Identifiers

BIC (SWIFT)
BKOAES22
MFI ID
ES0138

Financial Positions

Total Assets (2016)
1 980.23 mln EUR  (+12.35%)
Total Equity (2016)
149.60 mln EUR  (+5.79%)

In 2016 total assets of Bankoa, S.A. were 1 980.23 mln EUR. Growth compared to the previous period (2015) was 12.35%. The evolution of the total assets of Bankoa, S.A. is shown at Chart 1 below.

Total Assets of Bankoa, S.A..

Chart 1. Total Assets of Bankoa, S.A..

Recent changes in total assets of Bankoa, S.A. and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 60.0 64.8 +8.02%
Loans to banks 45.5 82.8 +82.05%
Loans to other clients 1 384.5 1 553.1 +12.17%
Total Assets 1 762.5 1 980.2 +12.35%
Table 1. Recent changes in total assets of Bankoa, S.A. (mln EUR).

Recent changes in total liabilities of Bankoa, S.A. and its main components are shown in Table 2.

2015 2016 % change
Bank deposits 190.2 212.0 +11.48%
Deposits from other clients 1 108.0 1 260.3 +13.74%
Total Liabilities 1 762.5 1 980.2 +12.35%
Table 2. Recent changes in total liabilities of Bankoa, S.A. (mln EUR).

Profit and Loss

Operating Income (2016)
10.04 mln EUR  (+13.70%)
Net Income (2016)
8.15 mln EUR  (+20.01%)

Recent changes in gross profit of Bankoa, S.A. and its main components are shown in Table 3.

2015 2016 % change
Interest Income 35.3 32.1 -9.05%
Interest Charges -10.3 -5.2 -49.32%
Net Interest Income 25.0 26.9 +7.46%
Commission Income 12.4 13.7 +10.51%
Commission Charges -1.9 -2.0 +3.24%
Table 3. Recent changes in gross profit of Bankoa, S.A. (mln EUR).

In 2016 net income of Bankoa, S.A. was 8.15 mln EUR. Growth compared to the previous period (2015) was 20.01%. The evolution of the net income of Bankoa, S.A. is shown at Chart 2 below.

Net Income of Bankoa, S.A..

Chart 2. Net Income of Bankoa, S.A..

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) Baa2 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Bankoa, S.A. is rated by Moody's.

Credit ratings assigned to Bankoa, S.A. as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for Bankoa, S.A. it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Baseline credit assessment is ba1. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Baseline Credit Assessment  ba1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Bankoa, S.A. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Spain are obliged to participate in Spanish deposit guarantee scheme.

In the case of Bankoa, S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  credit balances on accounts, nominative deposit certificates constituted in the EU
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Bankoa, S.A. and its components are shown in the table below.

BIC  BKOAES22
Bank BIC Code  BKOA
Country Code  ES (Spain)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Bankoa, S.A. is shown in the table below.

MFI ID  ES0138