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Feb. 10 (Bloomberg) -- Bankia SA, Spain’s third-biggest lender, will make total provisions of 3.4 billion euros ($4.5 billion) to meet new rules on recognizing real-estate losses and won’t need to merge to comply with the government order. The lender, fo
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MADRID—Bankia SA Chairman Rodrigo Rato, outlining plans to meet tougher loan-provisioning requirements, said his bank hadn't been pressured by the government to seek a merger partner. The lender, considered the weakest of Spain's big banks, said it neede
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President of Spanish bank Bankia Rodrigo Rato attends a news conference in Madrid February 10, 2012. Bankia reported 2011 net profit down 13 percent on year after it wrote down deteriorating property assets under new government demands forcing banks to... View Photo »
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By Pablo Dominguez And Christopher Bjork MADRID—Bankia SA Chairman Rodrigo Rato said Friday that his bank hadn't been pressured by the government to seek a merger partner, as he outlined plans to meet higher provisioning requirements this year. Bankia, c
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MADRID—Bankia SA Chairman Rodrigo Rato said Friday that his bank hadn't been pressured by the government to seek a merger partner, as he outlined plans to meet higher provisioning requirements this year. Bankia, considered the weakest of Spain's big bank
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While debate continues to rage in the UK about bonuses, and bank bosses defend their payouts, their counterparts in Spain are taking a rather more pragmatic and popular approach Rodrigo Rato's position as a former boss of the International Monetary Fund
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Bankia's Chairman Rodrigo Rato gives a press conference to announce the 2011 annual results in Madrid on February 10, 2012. Spain's biggest grouping of savings banks, Bankia, said it had set aside 3.69 billion euros ($4.9 billion) in 2011 to cover for... View Photo »
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Feb. 10 (Bloomberg) -- Spain’s Bankia group said a government-ordered clean-up of its real estate holdings would require 5.1 billion euros ($6.7 billion) in provisions and extra capital, and that it can meet the demands alone. “Bankia has sufficient capa
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MADRID – Bankia SA (BKIA.MC) Chairman Rodrigo Rato Wednesday denied that the Spanish bank had been close to agreeing a merger with peer CaixaBank SA (CABK.MC) in December last year, as was reported earlier by El Mundo. "Those details are wrong," Rato sai
About Rodrigo Rato
Wikipedia
Rodrigo de Rato y Figaredo (born March 18, 1949) was Spain's Economy Minister and Vice President serving with the Conservative People's Party (PP) between 1996 and 2004. He was appointed to become the Managing Director of the International Monetary Fund (IMF) on May 4, 2004, and took up his duties on June 7, 2004. He has left his post at the IMF... Full Article
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President of Spanish bank Bankia Rodrigo Rato attends a news conference in Madrid February 10, 2012. Bankia reported 2011 net profit down 13 percent on year after it wrote down deteriorating property assets under new government demands forcing banks to recognise losses from a real...
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MADRID, SPAIN - NOVEMBER 15: King Juan Carlos of Spain (L) receives Spain's bank 'Bankia' President Rodrigo Rato (R) at Zarzuela Palace on November 15, 2011 in Madrid, Spain.
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MADRID, SPAIN - NOVEMBER 15: King Juan Carlos of Spain (C) receives Spain's bank 'Bankia' President Rodrigo Rato (L) and vice president Jose Luis Oliva (R) at Zarzuela Palace on November 15, 2011 in Madrid, Spain.
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MADRID, SPAIN - NOVEMBER 15: Spain's bank 'Bankia' President Rodrigo Rato (C) at Zarzuela Palace on November 15, 2011 in Madrid, Spain.
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OVIEDO, SPAIN - OCTOBER 21: Rodrigo Rato attends 'Principe de Asturias' awards 2011 ceremony at the Campoamor Theatre on October 21, 2011 in Oviedo, Spain.
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Rodrigo Rato (R), chairman of Spanish savings bank Bankia, greets chairman and chief executive of Iberia Antonio Vazquez during Bankia's bourse debut in Madrid July 20, 2011. Shares in Bankia made a tepid bourse debut on Wednesday, opening below a deeply-discounted 3.75 euros initial...
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Rodrigo Rato (L), chairman of Spanish savings bank Bankia, toasts with Spanish Stock Exchange president Antonio Zoido during its bourse debut in Madrid July 20, 2011. Shares in Bankia made a tepid bourse debut on Wednesday, opening below a deeply-discounted 3.75 euros initial public...
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Bankia's Chairman Rodrigo Rato waits for the launch of Spanish bank Bankia at Madrid's stock exchange on July 20, 2011. Shares in Bankia, the Spanish lender forged from the merger of seven savings banks, fell 1.9 percent to 3.68 euros on July 20, 2011 on its stock market debut. The...
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Bankia's Chairman Rodrigo Rato (R) and Vice President Jose Luis Olivas pose for the media at the new company's presentation in Valencia March 2, 2011.
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Reuters Pictures
Bankia's Chairman Rodrigo Rato delivers a speech during the new company's presentation in Valencia March 2, 2011.
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Reuters Pictures
President of Spanish bank Bankia Rodrigo Rato attends a news conference in Madrid February 10, 2012. Bankia reported 2011 net profit down 13 percent on year after it wrote down deteriorating property assets under new government demands forcing banks to recognise losses from a real...
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