Girish Mahajan (Editor)

Banco Popular Español

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Type
  
Sociedad Anónima

Industry
  
Financial services

Revenue
  
€3.462 billion (2010)

Headquarters
  
Madrid, Spain

Total assets
  
195.4 billion USD (2015)

Traded as
  
BMAD: POP

Products
  
Banking and insurance

Customer service
  
00 34 914 36 50 49

Founded
  
14 July 1926

Banco Popular Español wwwunderconsiderationcombrandnewarchivesbanco

Key people
  
Ángel Ron (Chairman), Pedro Larena (CEO)

Stock price
  
POP (BME) € 0.86 +0.02 (+2.99%)1 Mar, 4:29 PM GMT+1 - Disclaimer

CEO
  
Pedro Larena (1 Sep 2016–)

Total equity
  
8.22 billion EUR (end 2010)

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Banco Popular Español, S.A. ([ˈbaŋko popuˈlaɾ espaˈɲol]) is the fourth largest banking group in Spain. The group consists of the following companies:

  • A national bank: Banco Popular Español
  • Five regional banks: Banco de Andalucía, Banco de Castilla, Banco de Crédito Balear, Banco de Vasconia, Banco de Galicia
  • A mortgage bank: Banco Popular Hipotecario
  • A private bank: Popular Banca Privada
  • A subsidiary in France: Banco Popular France (sold in December 2008 to the French bank Crédit Mutuel-CIC and renamed as CIC Iberbanco)
  • A subsidiary in Portugal: Banco Popular Portugal
  • A subsidiary in U.S.A.: TotalBank (Miami Dade)
  • A separate Internet bank: bancopopular-e.com
  • An Estate Services subsidiary: Aliseda
  • Representative offices abroad: Belgium, Chile, Germany, Hong-Kong, Morocco, Netherlands, Switzerland (Geneva and Zürich), London, United States Of America, France, Italy and Venezuela.

    • History

  • 1926: Founding of Banco Popular Español (BPE).
  • 1968: BPE opens a representative office in Paris that became a subsidiary that by 1991 had a network of 14 branches in France.
  • 1992: BPE converts its subsidiary in France into a joint venture with Banco Comercial Português under the name Banco Popular Comercial.
  • 2000: BPE establishes a network of branches in Portugal.
  • 2002: BPE and Banco Comercial Português part ways; Banco Popular Comercial becomes a wholly owned subsidiary of Banco Popular and changes its name to Banco Popular France. In Portugal, Banco Popular buys Banco Nacional de Crédito (BNC) and transfers its existing branches there to BNC. Later, in 2005, BNC changed its name to Banco Popular Portugal.
  • 2007: BPE bought a small bank in Southern Florida (United States of America) called TotalBank for US$300 million. The bank has 20 branches in Miami Dade County and more than 400 employees -more about TotalBank here-.

    • References

    Banco Popular Español Wikipedia
    (Text) CC BY-SA