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CaixaBank and Bankia Negotiate their Merger

The two financial entities have confirmed that contact has been initiated with a view to creating the largest bank in Spain.

José Ignacio Goirigolzarri presidente de Bankia 1024x576 1
Jose Ignacio Goirigolzarri is the Chairman of Bankia

The banks CaixaBank and Bankia are negotiating an integration agreement for both companies that would result in the creation of the largest financial entity by assets in Spain, surpassed only by Santander and BBVA, with their significant international presence.

Both entities have confirmed that negotiations are underway, albeit still in the preliminary phase.

Read the full article in Spanish.

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