Spanish lender Banco Popular is to acquire
Banco Pastor in an all-share deal worth around €1.35bn

Banco Pastor was one of
5 Spanish lenders to fail the European banking sector stress test
in July.

Combined, Banco Popular
(assets of €130m) and Pastor (€31bn) will have assets of

Banco Popular said that
the acquisition of Pastor would consolidate its position among the
largest 5 Spanish banking groups, behind the country’s largest 4
banks by that measure: Santander (including Banesto), BBVA, Bankia
and Caixabank.

Banco Popular and Pastor
have similar lending profiles with a strong focus on SME

Popular’s loans book of
€98.2bn includes retail lending of less than one-third (32%);
retail lending makes up 34% of Pastor’s loan portfolio of

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Pastor posted a net
profit of €38m in the first half of fiscal 2011.

It ended the first half
with deposits of €15.8bn.

Pastor’s branch network
totaled 603 outlets; combined with Popular’s network of 2,118
units, the newly merged entity will have 2,706 branches.

La Caixa ranks first in
Spain by branches (5,316 outlets), ahead of Santander/Banesto with
a combined 4,687 outlets; Bankia (3,946) and BBVA(3,092) rank third
and fourth-largest by that measure.