May 21, 2018 11:26 AM ET

Banks

Company Overview of Banco Popular Español, S.A.

Company Overview

Banco Popular Español, S.A. provides banking products and services primarily in Spain, Portugal, the United States, and Mexico. The company operates through four segments: Commercial Banking, Asset Management and Insurance, Real Estate Area, and Institutional and Market Area. The Commercial Banking segment offers lending, fund-raising, and factoring and renting services. The Asset Management and Insurance segment provides asset management services; administers the undertakings of investment funds, portfolios, and pension funds; and offers life and general insurance. The Real Estate Area segment engages in the real estate activities. The Institutional and Market Area segment is primarily invo...

Velázquez 34

Madrid,  28001

Spain

Founded in 1926

9,066 Employees

Phone:

34 902 30 10 00

Key Executives for Banco Popular Español, S.A.

CEO & Executive Director
Age: 50
President and Head of Chairman´s Office
Age: 55
Finance Director and Financial Controller
Chief Operations Officer
Chairman of Total Bank, Chief Executive Officer of Total Bank and President of Total Bank
Compensation as of Fiscal Year 2017.

Banco Popular Español, S.A. Key Developments

Santander Resumes Talks With BCI To Sell Popular's TotalBank

Banco Santander SA has resumed talks with Chile's Banco de Credito e Inversiones SA over the sale of Miami-based TotalBank, El Confidencial reported on September 28, 2017.

Blackstone To Buy Stake In Banco Popular Property Portfolio

The Blackstone Group L.P. (NYSE:BX) is in exclusive talks to buy a majority stake in Banco Popular Español, S.A.'s property portfolio. Banco Popular had received several bids for the portfolio in recent days but had decided to enter into negotiations with Blackstone.

Santander Reportedly Seeks To Sell Majority Stake In Real Estate Loans And Assets

Banco Santander SA is asking about €5 billion euros for a majority stake in €30 billion of real estate loans and assets it inherited when it bought Banco Popular Espanol SA, according to three people with knowledge of the matter. Santander has shortlisted The Blackstone Group L.P. (NYSE:BX), Apollo Global Management, LLC (NYSE:APO) and Lone Star Funds to submit bids for 51% of the assets by the last week of July 2017, the people said, asking not to be identified because the information is private. The successful bidder will also acquire a 51% stake in Aliseda, the former property management company of Popular that Santander bought from Varde Partners LP and Kennedy Wilson Holdings Inc. last week, the people said. Spokesmen for Santander, Blackstone, Apollo and Lone Star declined to comment.

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