July 29, 2014 1:31 AM ET

Banks

Company Overview of NCG Banco, S.A.

Company Overview

NCG Banco, S.A. provides various banking and financial services to individuals and companies. It offers accounts, deposits, loans, mortgages, debit cards and credit cards, investment funds, corporate financing services, guarantees, and collection and payment services; and insurance products, including car, home, health, travel, leasing, and business insurance. The company operates in Spain, Argentina, the United States, France, Mexico, Portugal, the United Kingdom, Germany, Switzerland, Brazil, Panama, and Venezuela. It provides its services through its Website and a network of branches and representative offices. NCG Banco, S.A. is based in A Coruña, Spain. As of June 20, 2014, NCG Banco, S...

Rúa Nueva 30-32

A Coruna,  15003

Spain

Key Executives for NCG Banco, S.A.

Executive Chairman
Age: 67
Member of the Administrative Board
Member of the Administrative Board and Member of Audit & Compliance Committee
Compensation as of Fiscal Year 2014.

NCG Banco, S.A. Key Developments

Sacyr, Citigroup And Local Banks Reportedly Plan To Sell Stake In Itinere

Sacyr SA (CATS:SCYR), Citigroup Inc. (NYSE:C) and local banks Bilbao Bizkaia Kutxa, Aurrezki Kutxa eta Bahitetxea, Liberbank, S.A. (CATS:LBK) and NCG Banco, S.A. are planning to sell their stake in Itínere Infraestructuras, S.A., Expansion reported.

FROB Reportedly Receives Six Binding Bids For NCG Banco

Fondo de Reestructuracion Ordenada Bancaria (FROB) received six binding bids for the purchase of a 88.33% stake in NCG Banco, S.A. The bids were placed by Banco Santander, S.A. (CATS:SAN), Banco Bilbao Vizcaya Argentaria, S.A. (CATS:BBVA), CaixaBank, S.A. (CATS:CABK), Guggenheim Capital, LLC and a consortium of J.C. Flowers & Co. LLC and Oaktree Capital Group, LLC (NYSE:OAK), news agency EFE quoted unnamed sources as saying. FROB now plans to analyze the offers, pick the best three and launch a second round of the tender, giving investors the opportunity to improve their bids.

FROB Reportedly Expects To Sell NCG Banco For €1.5 Billion

Fondo de Reestructuracion Ordenada Bancaria (FROB) expects to receive €1.5 billion from the sale of NCG Banco, S.A. , or 55% of its book value, daily Cinco Dias said. FROB has set the deadline for the presentation of binding bids for NCG Banco on December 16, 2013, and after receiving the offers, FROB intends to pick the best three and give investors the opportunity to improve them. However, if the higher offer exceeds the second one by 50% or €200 million, NCG Banco will be directly sold to the bidder.

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