Bankia : Credit Opinion lowered to Stable on improved credit fundamentals but reduced upside potential; Neutral Market Recommendations
Our credit opinion has been Positive on Bankia since mid-2017 as we expected the combined effects of the solid performance of the Spanish economy, the good execution of the bank’s strategy and its stronger market positions through the acquisition of BMN would improve the bank’s credit profile. Our expectations have materialised, and we now see more limited room for improvement in the bank’s (stronger) credit fundamentals, considering the expected continued strengthening in asset ...Bankia is a financial institution based in Spain. Co. is primarily engaged in operations in the banking sector. Co.'s business operations are structured into seven areas: Retail Banking, Business Banking, Private Banking, Asset Management and Bancassurance, Capital Markets and Holdings. Co. offers financial products and services to various customer segments, such as individuals, small and medium enterprises, large corporations, as well as public and private institutions. As of Dec 31 2014, Co. had total assets and total customer deposits of Euro233,648,603,000 and Euro106,806,698,000 respectively.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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