Search company, investor...

Stage

Acq - P2P | Acquired

About Banco Popular Espanol

Banco Popular Espanol is a leading Spanish bank.

Headquarters Location

Calle Velázquez, 34

Madrid, 28001,

Spain

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
Join a demo
Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo
You're one click away from the most comprehensive, unmatched analyst expertise in tech, in-depth private company data and a platform that brings it all together.
Click Now. Join a live demo
Join a demo

Latest Banco Popular Espanol News

Banco Santander Reaches EUR936.5 Million Termination Agreement With Allianz

Jun 24, 2019

0 Message : By Patrick Costello Banco Santander said Monday that it has reached an agreement to terminate Banco Popular Espanol SA's agreement with Allianz for the exclusive distribution of certain products. As part of the agreement, Santander Group will pay 936.5 million euros ($1.06 billion) for Banco Santander to acquire Allianz's 60% stake in Allianz Popular and to terminate the agreement for exclusive distribution of certain non-life insurance products through the Banco Popular network. The agreement also covers non-insurance products, collective investment institutions and pension plans operated through the Banco Popular network. Banco Santander expects the agreement will be "slightly accretive" in earnings per share and achieve and return on invested capital above 10%. It should have an impact of roughly minus 0.08% on the group's fully loaded common equity Tier 1 capital, the bank said. The Spanish banking group said it expects Aegon , its insurance partner in Spain, to acquire 51% of AP Life's life-risk insurance business and 51% of the future non-life insurance business coming from the Banco Popular network and not transferred to the insurer Mapfre following completion. Mapfre will also acquire 50.01% of the motor insurance, multi-risk business, multi-risk SMEs and civil liability insurance for enterprises businesses in the entire Banco Santander network in Spain under the agreement. Mapfre will subsequently become Banco Santander's future insurance partner in these business lines, it added. The agreement is expected to be completed in the first quarter of 2020 and is subject to regulatory approval, Banco Santander said. Write to Patrick Costello at patrick.costello@dowjones.com. Stocks mentioned in the article Change

Banco Popular Espanol Frequently Asked Questions (FAQ)

  • Where is Banco Popular Espanol's headquarters?

    Banco Popular Espanol's headquarters is located at Calle Velázquez, 34, Madrid.

  • What is Banco Popular Espanol's latest funding round?

    Banco Popular Espanol's latest funding round is Acq - P2P.

  • Who are the investors of Banco Popular Espanol?

    Investors of Banco Popular Espanol include Banco Santander.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
Join a demo
Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Join a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.