Banco Popular Español
Encyclopedia
Banco Popular Español is the fourth largest banking group in Spain
. The group consists of the following companies:
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
. The group consists of the following companies:
- A national bank: Banco Popular Español
- Five regional banks: Banco de Andalucía, Banco de CastillaCastile (historical region)A former kingdom, Castile gradually merged with its neighbours to become the Crown of Castile and later the Kingdom of Spain when united with the Crown of Aragon and the Kingdom of Navarre...
, Banco de Crédito Balear, Banco de VasconiaVasconiaVasconia is an historical name derived from the ancient tribe of the Vascones and used in different times, specially in the Middle Ages, to refer to the Basque territories...
, Banco de Galicia - A mortgage bank: Banco Popular Hipotecario
- A private bank: Popular Banca Privada
- A subsidiary in France: Banco Popular France (sold in December 2008 to the French bank Crédit Mutuel-CIC and renamed as CIC Iberbanco)
- A subsidiary in Portugal: Banco Popular Portugal
- A subsidiary in U.S.A.: TotalBank (Miami Dade)
- A separate Internet bank: bancopopular-e.com
- An Estate Services subsidiary: Aliseda
- Representative offices abroad: BelgiumBelgiumBelgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
, ChileChileChile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
, GermanyGermanyGermany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, Hong-Kong, MoroccoMoroccoMorocco , officially the Kingdom of Morocco , is a country located in North Africa. It has a population of more than 32 million and an area of 710,850 km², and also primarily administers the disputed region of the Western Sahara...
, NetherlandsNetherlandsThe Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
, SwitzerlandSwitzerlandSwitzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
(GenevaGenevaGeneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...
and ZürichZürichZurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...
), LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, United States Of America, France, ItalyItalyItaly , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
and VenezuelaVenezuelaVenezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
.
History
- 1926: Founding of Banco Popular Español (BPE).
- 1968: BPE opens a representative office in ParisParisParis is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
that became a subsidiary that by 1991 had a network of 14 branches in FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
.
- 1992: BPE converts its subsidiary in France into a joint venture with Banco Comercial Português under the name Banco Popular Comercial.
- 2000: BPE establishes a network of branches in PortugalPortugalPortugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
. - 2002: BPE and Banco Comercial Português 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 changed its name to Banco Popular Portugal.
- 2007: BPE bought a small bank in Southern Florida (United States of America) called TotalBank for US$300 million. The bank has 14 branches in Miami Dade County and 250 employees.