EVO Banco
Spanish bank
From Wikipedia, the free encyclopedia
EVO Banco, S.A.U. is a Spanish bank based in Madrid.
| |
| 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 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
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] 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]
