Liberbank was a Spanish financial services company constituted by a merger of Group Cajastur, Caja de Extremadura and Caja Cantabria. It was established from the combination of the assets and liabilities of the banking business (excluding those pertaining to the social work of each savings bank).
On 23 May 2011, Effibank was established as a bank SIP Group Cajastur, Caja de Extremadura and Caja Cantabria. From 19 July 2011, the bank operated under the brand Liberbank. Subsequently, the trade name of Effibank (Effibank SA) was also replaced and became Liberbank SA.
On 29 May 2012, Banco Caja3 and Ibercaja merged. Thus born the seventh Spanish financial institution. However, the merger was canceled in October 2012 as a result of the stress test of Oliver Wyman and capital requirements Liberbank scenarios shown in this document.
On 20 December 2012, the European Commission approved the restructuring plan Liberbank, so that this entity to go public in the first half of 2013, reducing its size by 25% compared to 2010. In return, Liberbank received 124 million euros in aid in the form of contingent convertible bonds (cocos) subscribed by the FROB with a maximum repayment term of two years. A drastic reorientation of the business of the bank is also required: must leave in practice real estate, focusing on the credit support to SMEs in their areas of influence and primarily engage in the retail business, limiting their presence in the business of wholesale banking .
On 16 May 2013, Liberbank went public with a sale of redeemable preference shares and subordinated shares in the company and closed the session with a capitalization of 734 million Euro.
On 30 December 2020, it was announced Unicaja was buying Liberbank. The merged company is the fifth largest of Spain.[6]
liberbank, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, january, 2021, l. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Liberbank news newspapers books scholar JSTOR January 2021 Learn how and when to remove this message Liberbank was a Spanish financial services company constituted by a merger of Group Cajastur Caja de Extremadura and Caja Cantabria It was established from the combination of the assets and liabilities of the banking business excluding those pertaining to the social work of each savings bank LiberbankCompany typeSociedad AnonimaTraded asBMAD LBKISINES0168675090Defunct2 August 2021HeadquartersMadridKey peoplePedro Manuel Rivero Torre Non executive Chairman Manuel Menendez Menendez CEO Revenue 578 513 million 2019 1 Operating income 30 807 million 2019 2 Net income 98 157 million 2019 3 Total assets 42 658 billion 2019 4 Number of employees3 760 2019 5 Websitehttp www liberbank es Oficina Liberbank jpg Liberbank has a national presence and is a leader in the retail markets of Asturias Cantabria Castile La Mancha and Extremadura On 23 May 2011 Effibank was established as a bank SIP Group Cajastur Caja de Extremadura and Caja Cantabria From 19 July 2011 the bank operated under the brand Liberbank Subsequently the trade name of Effibank Effibank SA was also replaced and became Liberbank SA On 29 May 2012 Banco Caja3 and Ibercaja merged Thus born the seventh Spanish financial institution However the merger was canceled in October 2012 as a result of the stress test of Oliver Wyman and capital requirements Liberbank scenarios shown in this document On 20 December 2012 the European Commission approved the restructuring plan Liberbank so that this entity to go public in the first half of 2013 reducing its size by 25 compared to 2010 In return Liberbank received 124 million euros in aid in the form of contingent convertible bonds cocos subscribed by the FROB with a maximum repayment term of two years A drastic reorientation of the business of the bank is also required must leave in practice real estate focusing on the credit support to SMEs in their areas of influence and primarily engage in the retail business limiting their presence in the business of wholesale banking On 16 May 2013 Liberbank went public with a sale of redeemable preference shares and subordinated shares in the company and closed the session with a capitalization of 734 million Euro On 30 December 2020 it was announced Unicaja was buying Liberbank The merged company is the fifth largest of Spain 6 References edit Liberbank Informe Financiero Anual 2019 Liberbank Informe Financiero Anual 2019 Liberbank Informe Financiero Anual 2019 Liberbank Informe Financiero Anual 2019 Liberbank en numeros Unicaja to Buy Rival Liberbank in Boost to Spanish Deals 2020 12 30 Retrieved 2020 12 31 nbsp Banks portal Retrieved from https en wikipedia org w index php title Liberbank amp oldid 1206560699, wikipedia, wiki, book, books, library,
