banco popular espanol (POP) Snapshot

Banco Popular Espanol S.A. would consider acquiring Catalunya Banc, S.A. Ángel Ron, President of Banco Popular said the lender would consider acquiring Catalunya, if Fondo de Reestructuracion Ordenada Bancaria (FROB) restarts the public sale, Europa Press reported on June 10, 2013. Banco Santander, S.A. (CATS:SAN), Banco Popular Espanol S.A. and Banco de Sabadell, S.A. (CATS:SAB) reportedly submitted bids.

Banco Popular Espanol S.A. reported earnings results for the first quarter of 2013. For the quarter, net profit is EUR 104 million, 4% higher than the first quarter of 2012. The company maintains forecast that it will have profits of about EUR 500 million in 2013. In 2014, the company expects profit should be around EUR 1 billion.

Banco Popular Espanol S.A., Annual General Meeting, Jun 10, 2013., at 10:00 Central European Standard Time. Location: at the IFEMA exhibition centre Fería de Madrid. Agenda: To approve the annual financial statements and the management report of the company and that of its consolidated group, as well as the proposed distribution of profits and suggested corporate management plan, all for the 2012 annual period; to consider amendment of the articles of association and the regulations for the general meeting of shareholders; to consider appointment and re-election of directors; to consider re-election of auditors; to consider execution of four share capital increases charged to reserves; to reward shareholders; to set the terms and conditions for the increase in all aspects not covered at the AGM; to issue promissory notes, bonds and debentures, both plain vanilla or subordinated, secured or unsecured, non convertible into shares, preferred shares; to issue fixed income securities convertible and/or exchangeable into shares of the Bank; and to consider report on the remuneration policy.