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NCG Banco, S.A.
Company typeSociedad Anónima
Novagalicia Banco
EVO Banco
IndustryFinancial services
PredecessorNovacaixagalicia
FoundedA Coruña, Spain (September 15, 2011 (2011-09-15))
Headquarters
A Coruña
,
Spain
Number of locations
  • NGB: 680 banks
  • EVO: 220 banks
Area served
Nationwide
Key people
Services
Number of employees
5,946 (2912)
Divisions
  • NCG Corporación Industrial, S.L.
  • NCG División Grupo Immobiliario, S.L.
Websitewww.ncgbanco.es

NCG Banco, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank.

NCG Banco operates in the autonomous communities of Galicia, Asturias and the province of León under the brand name Novagalicia Banco and as EVO Banco throughout the rest of Spain.

History

On March 12, 2012, NCG Banco began operating outside of Galicia under the brand name EVO Banco and launched its main financial product the Cuenta Inteligente.[1] In its first four weeks EVO Banco had attracted 8,290 clients and 70 million euros.

Operations

Headquarters

NCG has two operating headquarters; the social and tax address is located in A Coruña and the institutional and business address is in Vigo. Evo Banco's headquarters is based in Madrid.

Shareholding

As NCG Banco's predecessor Novacaixagalicia was nationalized by the Government of Spain the majority of the shares in the company (90.57%) are held by the bailout program Fund for Orderly Bank Restructuring. The Novacaixagalicia Foundation holds 6.84% with the remaining 2.59% being held by private investors.

Investment portfolio

Industry Company Percentage
Financial Banco Gallego 49.84%
Banco Etcheverría 44.73%
Ahorro Corporación 6.38%
Automotive Grupo Copo 21.1%
Seguros Caser 10.31%
Energy CLH 5%
Eólica Galenova 100%
Food Sogevinus 100%
Infrastructure Itinere 23.76%
Elecnor 5.05%
Textile Adolfo Domínguez 5.05%
Grupo Tavex 5%
Turism NH Hoteles 2.71%
Tecnology Tecnocom 20.05%
Real estate Quabit 3.19%%
Construction Sacyr Vallehermoso 8.65%
General de Alquiler de Maquinaria 4.95%
Transport Transmonbús 33.96%
Shipbuilding Naviera Elcano 12%

See also

References

  1. ^ "Novagalicia ya opera fuera de Galicia con la marca EVO Bank" (in Spanish). cincodias.com.