EVO Banco
EVO Banco, S.A.U. is a Spanish bank based in Madrid.
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 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.
First Acquisition
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
In May 2019, Spanish bank Bankinter acquired Evo Banco, incorporating its 452,000 clients.[4]
References
- 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)
- https://www.boe.es/borme/dias/2013/10/16/pdfs/BORME-A-2013-198-15.pdf
- 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.