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Created before Nov 2016
Last update: 2017-06-23 13:57:58
Johan Frijns, BankTrack
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Banco Popular is the fifth largest banking group in Spain in terms of assets (€147.9 billion as of July 2016) and client deposits. It is focused on retail (90% of its business) and commercial banking, with almost 2,000 branches in Spain and 200 abroad.
The Banco Popular Group is formed by the parent bank (Banco Popular Español) and six banks, four of which operate in Spain (Banco Pastor, Popular Banca Privada, Targobank and Banco Popular), one in Portugal (Banco Popular Portugal), one in the United States (Totalbank) and a finance group in Mexico with a 25% stake. Furthermore, the Group has securitisation vehicles, real estate companies and two insurance companies.
In May 2013 Banco Popular adopted the Equator Principles, and is profiled as part of BankTrack's Equator Principles Track and Chase project.
C/Velázquez, 34 esq. Goya 35, Madrid
Ignacio Sánchez-Asiaín Sanz |
|Annual report||2016 Integrated Report|
listed on Bolsa de Madrid & NYSE Euronext
Banco Popular is publicly traded on the Bolsa de Madrid and NYSE Euronext stock exchanges.
Related Dodgy Deals
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Voluntary initiativesBanco Popular Español has committed itself to the following voluntary standards:
Banco Popular Español and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Banco Popular Español adopted the Equator Principles in 2013.
Reporting on the Equator Principles
Banco Popular Español must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Banco Popular Español is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Implementation and reporting
Banco Popular Español is reporting on the implementation here.