Banco pastor banco popular

banco popular online

Parallel to this process, the bank has initiated a negotiation process with the unions for the homologation of conditions among the workers of the three different brands. This process, which could be completed within one or two months, began last Friday with a meeting in which the unions were informed of the merger of Pastor and Popular, and of the intention to go to a single brand.

Regarding changes or dismissals, Mr. Álvarez did not make any progress. He only stated: “It is a process that we will deal with when we start with the integration of the network”. He insisted that, before doing anything, he will talk to the unions.

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Since their technological integration was completed on July 15, Banco Santander and Banco Popular are, to all intents and purposes, the same bank. In fact, it is enough to go to any former Banco Popular branch to see that there is not even a trace of its old signs or any other distinctive feature of the bank.

Former Banco Popular customers who are now Banco Santander users have at their disposal a wide range of Santander offers for individuals, including bank accounts, cards (debit and credit), mortgages and loans, among many others.

In the offer of Banco Santander cards you can find both debit cards (such as Debit Gold 123 or Debit Zero 123), as credit cards and wallet cards. Of course, in order to get any of them you must be a customer of the bank and have contracted one of its accounts.

Banco Santander’s personal loan catalog is made up of loans for any purpose (such as the 123 Loan, at 6.95%) and others with a more specific purpose, such as the Car Loan, which allows you to defer the purchase of a vehicle in exchange for an interest rate of 5.50%.

el santander adquiere el banco popular

La actividad principal del banco era la banca comercial, la banca de empresas, la banca por Internet y por teléfono, y la tesorería y los mercados de capitales. El banco tenía 4.035 empleados en 2005, 555 sucursales en España y 3 en el extranjero.

En 1819, José Pastor Taxonera se convirtió en socio de la empresa y pronto tomó el control del negocio. Lo compró en 1845 y cambió su nombre por el de José Pastor. El negocio se transmitió a través de generaciones de sus descendientes, cambiando su nombre a Pastor Hermanos, José Pastor y Cía. y Sobrinos de José Pastor sucesivamente hasta 1925, cuando se convirtió en Banco Pastor y pasó a ser Sociedad Anónima.

En 1939, Pedro Barrié de la Maza (uno de los principales apoyos económicos del golpe de Estado del general Franco, que recibió un cargo de zar económico en Galicia a cambio de su apoyo) se hizo con el control total del banco y lo utilizó como soporte del control del tejido empresarial gallego. A nivel nacional colaboró con Astano, Renfe y Fenosa, fundada en 1943 por Barrié de la Maza. En 1971, tras la muerte de Barrié de la Maza, su viuda Carmela Arias y Díaz de Rábago fue nombrada presidenta ejecutiva del banco, siendo la primera mujer en llegar a la presidencia de un banco en España. En septiembre de 2001 le sucedió José María Arias Mosquera[1].

banco santander

In a relevant fact sent to the National Securities Market Commission (CNMV), Banco Popular has explained that it is finalizing the takeover of the Galician entity through an offer to all its shareholders of 1.115 newly-issued shares for each Banco Pastor share, which sent the same information to the supervisor. Taking into account the closing price of Banco Popular on Thursday, this means valuing each Banco Pastor share at 3.92 euros, 35.7% more than the 2.89 euros at which the Galician entity ended on Thursday. However, if the reference taken is the price marked shortly before 3:00 p.m., when the shares were suspended from trading and Banco Pastor rose 4.84% to 3.03 euros per share, Banco Popular would be offering a premium of 31.18%.

In both cases, Popular’s offer means valuing 100% of Banco Pastor at around 1,100 million euros, which rises to around 1,300 million euros once the bonds convertible into shares that the Galician bank has outstanding are added. In addition, the proposed share swap involves applying a discount of only 25% of Banco Pastor’s book value, which represents the highest valuation of a financial institution in the current banking reorganization process.