As a successor to the Meliá hotel chain, another Spanish non-fructose business in Cuba and the case of the Bank of Spain, Bankia, which intends to close its financial corporation in the Isla, following the EFE agency.
According to EFE Bankia, which is undergoing a merger process in Spain to be absorbed by another Spanish bank, CaixaBank, ended its financial relationship with Cuba to liquidate the Habana Financial Corporation, which opened in the Cuban capital since 1998.
This financial entity was created in the Isla to support the Spanish emperors of Melia, Iberostar or Barcelona, among others, who empezaban to invest millions of euros in the red Cuban hotel, which creates an incipient manner.
Bankia is converted into the first Spanish bank to sell in the finals of the 90 for the inversions of any type in the Isla and also has the first that has been traded.
In February 2021, the Cuban Official Gazette announced that Bankia SA had notified the Central Bank of Cuba of the decision adopted by the Immobilization and Real Estate Committee on September 18, 2020, to proceed with the Office of Representation in La Habana .
The Central Bank of Cuba approves the cancellation of Banking in the Isla debit and that within the causal approvals will be accepted “the solicitation of the property of the financial institution”.
In 1998, the la entonces Caja Madrid (luego la absorbe Bankia), a contract with the Banco Popular de Ahorro de Cuba (BPA), created a una sociedad with the estado cubano with a capital of the mayor of 4 millone de euro to support Spanish investors in the Isla.
Caja Madrid did not formally form part of the Bankia during the 2008 economic crisis in Spain, despite the fact that the burbja immobiliaria arrasara con las cajas de ahorro de ese país, asi that Caja Madrid cedio a Bankia el 60% de sus acciones en la Corporación Finance Habana and some others with the City National Bank of Florida, Iberia airline, Mapfre or Iberdrola.
Through the economic recovery of 2012, Bankia intends to discontinue all its actions in corporate companies, including the Cuban finance company, in order not to sell it to anyone, as long as it is necessary to wait until 2018 to obtain the license, definitely in the fall of 2020.
In addition, during these days, the Banking process for Banking by CaixaBank was developed in Spain, a merger process that is still being developed and has certainly raised the price target for both bags, up to 4% for CaixaBank while Banka crecía has up 8% its revaluation in the European market.