MANAGE OR REJECT COOKIES.
The agreement has been signed by Bankinter's chief executive officer, María Dolores Dancausa, the CEO of Endesa, José Bogas, and Jose Antonio Fernández Gallar, CEO of OHLA.
They have signed a partnership to develop a "turnkey" solution for property renovation with the aim of increasing energy efficiency in homes and facilitating access to the Next Generation European Funds.
Endesa X and OHLA will act as joint "Renovation Agent" and carry out feasibility studies to offer the homeowners' associations the optimal solution as regards energy installations, building with sustainability criteria, energy savings and financial aid. Bankinter will supply the necessary financing to complete the energy-related renovation of these residential buildings until the arrival of aid from Next Generation European Funds.
The Spanish Government's commitment to property renovation and urban regeneration is ambitious, since this will the second largest target for the European Funds. These 6.820 billion euros can fund between 40% and 80% of the total renovation work, depending on energy savings.
The Investment Banking area, called Bankinter Investment, and Valfondo Management, manager of Montepino's logistics portfolio, are finalising a process aimed at continuing to promote the growth strategy introduced for the Montepino portfolio.
Throughout 2022, an investment of more than €300 million is planned to promote more than 350,000 m2 of GLA.
This process means Montepino's capital can be increased (reaching approximately €900 million) and more than 22 million new shares can be issued, which make up all the new shares offered in this operation.
The new shares have been subscribed at a unit value of €10.95, which equates to a revaluation of 9.5% compared to the value of the shares at the time the portfolio was acquired in May 2021.
Valfondo, since signing an agreement with Bankinter Investment for the acquisition of Montepino's logistics portfolio in May 2021, has managed - through Montepino - investments worth more than €100 million and has managed to make Montepino's asset portfolio appreciate by more than 6%.
Bankinter customers will be able to make free cash withdrawals from the institution's own cash machines as well as from those belonging to the Banco Popular group, the Cajamar group, Laboral Kutxa, the Caja Rural group, and Deutsche Bank.
Together, the six companies have more than 8,000 cashpoints distributed throughout Spain, almost 20% of the total number.
The programme forms part of the social dimension of Bankinter's Sustainability Plan 2021-2023.
The Bank has launched a dual initiative with SECOT consisting on the one hand of a volunteer programme for retired employees who want to continue putting their expertise to good use by contributing to different social actions outside the Bank.
The second aspect of the initiative is an offboarding process for professionals who are retiring and want to receive support on making a smooth transition and optimal adaptation to the new stage of life on which they are about to embark.
Bankinter Consumer Finance and Air Europa to launch the Visa Air Europa SUMA credit card.
The chief executive officers of Bankinter and Air Europa, María Dolores Dancausa and María José Hidalgo, respectively, have signed an agreement whereby both companies plan to issue one million cards over five years.
The card is for all types of users, with no need to change banks and no maintenance fees. With any purchase, it also allows users to earn miles that can be used for flights with Air Europa and other partners in the Air Europa SUMA frequent-flyer programme, in addition to hotel stays, car rentals, petrol and even Amazon gift vouchers.