Abanca

ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in September in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of León, in other parts of Spain and in Portugal, as well as offices in the UK, Germany, France, Switzerland, Brazil, Venezuela, Panama, Mexico and the USA.

ABANCA Corporación Bancaria, S.A.
FormerlyNCG Banco, S.A. (2011–2014)
Company typeSociedad anónima
IndustryFinancial services
PredecessorCaixa de Aforros de Galicia, Vigo, Ourense e Pontevedra
FoundedA Coruña, Spain (15 September 2011 (2011-09-15))
Headquarters,
Spain
Number of locations
  • NGB: 680 branches
  • Abroad: 10 offices
Area served
Nationwide
Key people
  • Javier Etcheverría de la Muela (Chairman)
  • Juan Carlos Escotet (Vice-chairman)
  • Francisco Botas (CEO)
Services
AUM€56 billion (2014)
Number of employees
5,946 (2012)
Divisions
  • NCG Corporación Industrial, S.L.
  • NCG División Grupo Immobiliario, S.L.
Rating
  • Fitch: BB+
  • Moody's: B3
  • S&P: B+
Websitewww.abanca.com

Abanca has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.

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