Bankia was Spain's biggest mortgage lender until the euro zone debt crisis in 2012 pulverized the country's banking sector, triggering a a 22.4 billion euros ($26.6 billion) state bailout.

The deal values Bankia, which was bailed out by the government during Spain’s banking crisis in 2012, at €4.3 billion ($5.1 billion), according to Jefferies analysts.

Bankia S.A. was formed in 2010 by merging seven savings banks. Back then it was one of Spain's top financial entities and heralded as the solution to the country's banking problems following the ...

The boards of CaixaBank SACABK0.62%increase; green up pointing triangle and Bankia SA have approved a merger that will create the largest Spanish domestic bank and suggests that a long-expected ...

Spain's troubled bank, Bankia, asked the Spanish government for €19 billion ($23.8 billion) in financial support on Friday, the day that a leading credit rating agency downgraded it to junk stat ...

MADRID— Bankia SA said Monday that first-quarter net profit more than doubled from a year earlier as the lender, the largest to be rescued during Spain's financial crisis, cemented a turnaround ...

MADRID — The troubled lender Bankia asked the Spanish government for $24 billion in financial support on Friday, the same day that a leading credit-rating agency downgraded the bank to junk ...

Spain's largest domestic bank Caixabank (CABK.MC) said on Friday it agreed to sell two businesses from its recently acquired rival Bankia to Global Payments (GPN.N) units for a combined amount of ...

Bankia announced on Friday night a €4.4bn loss in the first half after being forced to make provisions of €2.7bn against bad property loans. It saw the ratio of bad loans compared to its total ...