María Dolores Dancausa, the only female executive on Forbes’ 2016 list of top CEOs
Bankinter’s chief executive officer came in third place on a list of the 50 best CEOs of Spanish listed companies.
Executives were selected based on a number of factors, including a vote held by a panel consisting of investment banks, asset managers and a world business school.
'Forbes' has selected Bankinter chief executive officer, María Dolores Dancausa, for third place in its ranking of the 50 best CEOs of listed companies in Spain. She is also the only female executive included on the list, headed by José María Álvarez-Pallete, CEO of Telefónica, and Pablo Isla, CEO of Inditex.
Forbes’ study revealed that Bankinter’s chief executive officer ‘has earned her success on her own, standing firmly at the helm of the bank, despite blows from a financial crisis that has devastated its direct competitors (savings banks and medium-sized banks in Spain) and the emerging technological disruption that is scraping value away from large banks the world over’.
To appear on this list, executives were selected based on four filters. First, their companies had to offer their shareholders returns above the average for Spanish listed companies and for their industry. Second, proposed candidates were voted on by a national and international panel made up of investment banks, asset managers and a world business school. Third, companies were given priority if they had the highest levels of capitalisation or appear on 'Great Place to Work’s' list of the best places to work. And lastly, other factors determined by Forbes itself, such as innovation and leadership, were taken into account.
This recognition of María Dolores Dancausa’s management comes just one week after Bankinter presented its best results in its 51-year history, with net profits for the year totalling 490.1 million euros, 30.4% up from the previous year, attributed mostly to its recurrent customer business. Furthermore, Bankinter ended the year as the most profitable bank on the IBEX 35, with an RoE of 10.9% (not including its business in Portugal); and with the lowest NPL ratio among Spanish listed banks (4.01%).
Three years ago, María Dolores Dancausa came in first place on Forbes’ 2013 list of top CEOs of Spanish companies, based on a study conducted with IE Business School and Ernst & Young.