Banco Popular Español

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Banco Popular Español, S.A.
Type Public
Founded 1926
Headquarters Madrid, Spain
Key people Ángel Ron (Chairman of the board), Francisco Fernández Dopico (CEO)
Industry Financial Services
Products Banking and insurance
Revenue €2.764 billion (2005)
Employees 13,800 (2005)
Website http://www.bancopopular.es/

Banco Popular Español, S.A., (IBEX-35:POP) is the third largest banking group in Spain. The group consists of the following companies:

  • 1926: Founding of Banco Popular Español (BPE)
  • 1968: BPE opens a representative office in Paris that became a subsidiary that by 1991 had a network of 14 branches in France.
  • 1992: BPE converts its subsidiary in France into a joint venture with Banco Comercial Portugués under the name Banco Popular Comercial.
  • 2000: BPE establishes a network of branches in Portugal.
  • 2002: BPE and Banco Comercial Portugués part ways; Banco Popular Comercial becomes a wholly owned subsidiary of Banco Popular and changes its name to Banco Popular France. In Portugal, Banco Popular buys Banco Nacional de Crédito (BNC) and transfers its existing branches there to BNC. Later, in 2005, BNC would change its name to Banco Popular Portugal.

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Flag of Spain IBEX 35 companies of Spain
Retrieved from "http://en.wikipedia.org/wiki/Banco_Popular_Espa%C3%B1ol"
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