EVO Banco
 | |
| Company type | Sociedad Anónima Unipersonal |
|---|---|
| Industry | Financial services |
| Predecessor | NCG Banco, S.A. |
| Founded | A Coruña, Spain (October 16, 2013) |
| Headquarters | Madrid , Spain |
Number of locations | 80 branches |
Area served | Nationwide |
Key people | José Luis Abelleira, CEO |
| Services | |
| Owner | Bankinter |
Number of employees | 590 |
| Website | www |
EVO Banco, S.A.U. is a Spanish bank based in Madrid.
EVO Banco was created by NCG Banco on March 12, 2012 as a division that would operate its assets outside the autonomous communities of Galicia, Asturias and the Province of León. As part of their launch campaign it introduced its main financial product: Cuenta Inteligente.[1] In the four initial weeks EVO Banco had managed to attract 8,290 clients and 70 million euros.[citation needed]
First acquisition
[edit]On September 9, 2013, NCG Banco announced that it would sell the EVO Banco division to the American private equity firm Apollo Global Management for 60 million euros.[2]
On October 16, 2013 EVO Banco, S.A. was established as a subsidiary of NCG Banco, S.A.[3]
Second acquisition
[edit]In May 2019, Spanish bank Bankinter acquired Evo Banco, incorporating its 452,000 clients.[4] In September 2019, it announced that, as of October 18, only the Madrid office would remain operational.[5]
In March 2021, it announced that, effective around May 1, it would relocate its only physical office and corporate headquarters to another location nearby.[6]
In June 2024, Bankinter announced that it would absorb Evo Banco, with the aim of enhancing the digital capabilities of the first entity, as well as reducing costs and improving profitability.[7]
References
[edit]- ^ Novagalicia ya opera fuera de Galicia con la marca EVO Bank (in Spanish)
- ^ NCG Banco vende EVO a la firma de capital riesgo Apollo por 60 millones (in Spanish)
- ^ Official Gazette of the Commercial Registry. Retrieved 28 August 2024
- ^ Alconada, Ángeles Gonzalo (2019-05-31). "Bankinter cierra la compra de EVO y su filial de consumo irlandesa por 65,8 millones". Cinco Días (in Spanish). Retrieved 2020-02-08.
- ^ Servicios Prescriptor y Medios de Pagos E.F.C., S.A.U - Quiénes somos
- ^ "EVO Banco se muda y estrenará nueva sede en mayo en el barrio Salamanca". El Español (in Spanish). 2021-03-17. Retrieved 2022-10-17.
- ^ "Bankinter absorbe Evo Banco para mejorar su rentabilidad y ahorrar costes". EXPANSION (in Spanish). 2024-06-19. Retrieved 2024-06-20.
External links
[edit]
- Official
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