MANAGE OR REJECT COOKIES.
On the recommendation of the Appointments and Corporate Governance Committee, the Bankinter Board of Directors decided in its meeting today to submit the appointment of Rosa María García García as external Independent Bank Director to the next General Shareholders' Meeting for approval.
The share premium amounts to 1.184 billion euros. This would equal a current reasonable estimated market value of 82.6% of Línea Directa’s share capital, which will be distributed to the bank’s shareholders.
Once the deal is final, Bankinter shareholders will also become shareholders of Línea Directa, which will become an independent, publicly-traded insurer.
The goal is to split the direct insurance business from the banking business for each company to implement their own strategies independently in the future.
An independent jury picked this year's winner after analysing close on 500 AGMs by European companies, highlighting the Bank's remuneration policy and transparent metrics.
The jury also highlighted the diversity of Bankinter's Board of Directors and its female chief executive officer, as well as the quality of its non-financial information, which it described as 'one of the best on the Ibex'.
The pay-out of the company is situated at 50% and is distributed entirely in cash as part of a prudent policy that enables the regulatory criteria to be comfortably fulfilled
The CEO of the bank foresees a more efficient and more profitable bank for 2016, that is bigger in size, and also points to the acquisition of the business of Barclays in Portugal as key for the success to continue.
Pedro Guerrero expects the growth potential of Bankinter’s share to be realised throughout 2019 and in the coming years.
Chief executive officer María Dolores Dancausa expressed her confidence in this fiscal year, pointing out that the bank’s strengths overcome the challenges facing the industry.
In the Annual General Meeting, shareholders approved the appointment of two new independent directors, Álvaro Álvarez-Alonso and María Luisa Jordá, and set the number of board members at 12 with 33% being women directors.
Pedro Guerrero stressed the bank’s increasing market share in all segments, including retail and commercial banking and corporate banking.
Chief executive officer, María Dolores Dancausa, emphasised Bankinter Group’s strengths, which include having the best performing share price amongst listed Spanish banks, the lowest non-performing loan ratio, a high capital adequacy level and a positive starting point for overcome challenges in the financial system.
The CEO, María Dolores Dancausa, ratified before the shareholders the strategic commitment to reach a net profit of 550 million euros in 2023, without extraordinary items and without Línea Directa in the bank's scope.
Pedro Guerrero pointed out that for Bankinter " Sustainability is a strategic factor that has transversally permeated our activity for years."
Dancausa pointed out that Bankinter has been operating for more than 50 years now, despite an array of ups and downs, and has been an example of leadership, adaptation, efficient use of technology and innovation capacity.
The Chairman of Bankinter, Pedro Guerrero, highlighted the fact that payments to shareholders are up 152% on 2013.
Señaló el crecimiento orgánico como el camino natural de Bankinter, pero sin descartar posibles oportunidades de compra que se puedan presentar
El Presidente de Bankinter resaltó el éxito de la ampliación de capital llevada a cabo para la adquisición de LDA, a la que alabó por las grandes sinergias y oportunidades de negocio que ofrece al banco