Bankia is the name of the entity 100% owned by Banco Financiero y de Ahorros. It is the leading Spanish bank by domestic business, with total assets of 272,000 million euros and an equity value of 12,000 million euros.
The bank was incorporated on December 3, 2010 and began operating on January 1, 2011. The merger of the seven savings banks took place in just four months, since the integration contract was signed on July 30, 2010. Bankia it was born from the union of seven Spanish entities, leaders in their areas of influence, with the following weight: 52.06% Caja Madrid; 37.70% Bancaja; 2.45% La Caja de Canarias; 2.33% Caja de Ávila; 2.11% Caixa Laietana; 2.01% Caja Segovia and 1.34% Caja Rioja.
Bankia operates in the retail banking, business banking, corporate finance, capital markets, asset management and private banking businesses. One of its strengths is the high capillarity of its national network, where it is the leader in six autonomous communities.