CaixaBank-Bankia merger: How Barcelona’s bank beat Madrid’s

Putting together Spain’s two biggest domestic lenders makes sense, because, while both have good management, one side is better skilled at cross-selling.

A €4.3 billion all-share merger between Madrid’s Bankia and Barcelona’s CaixaBank marks a clear victory for the Catalans in the long-running battle for Spanish banking supremacy.

The merger will create an institution with a market share of Spanish loans and deposits of about 25%. It will see what is essentially an agglomeration of regional savings banks around Caja Madrid, Bankia, subsumed into its bigger and more successful Barcelona-based rival, CaixaBank.

This could finally end the last decade’s crisis in the Spanish savings banks – known cajas in Castilian, or caixas in Catalan.

CaixaBank-Bankia merger: How Barcelona’s bank beat Madrid’s

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CaixaBank-Bankia merger: How Barcelona’s bank beat Madrid’s

Thanks for your interest in Euromoney!To unlock this article:

Rebuilding banks from the inside out in the digital age

Eastward bound: Why Gulf banks are tapping Asia’s capital markets

The flat-pricing revolution for inclusive SME finance in Asia

Culture and code: rewiring corporate banking for the digital age

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