EVO Banco

EVO Banco, S.A.U
Sociedad Anónima Unipersonal
Industry Financial services
Predecessor NCG Banco, S.A.
Founded A Coruña, Spain (October 16, 2013 (2013-10-16))
Headquarters Madrid, Spain
Number of locations
 80 branches
Area served
 Nationwide
Key people
 José Luis Abelleira, CEO
Services
Owner Apollo European Principal Finance Fund II (100%)
Number of employees
 590
Website www.evobanco.com

EVO Banco, S.A.U. is a Spanish bank based in Madrid.

EVO Banco was created by NCG Banco on March 12, 2012 as a division that would operate its assets outside the autonomous communities of Galicia, Asturias and the province of León. As part of their launch campaign it introduced its main financial product: Cuenta Inteligente.[1] In the four initial weeks EVO Banco had managed to attract 8,290 clients and 70 million euros.

Acquisition

On September 9, 2013, NCG Banco announced that it would sell the EVO Banco division to the American private equity firm Apollo Global Management for 60 million euros.[2]

On October 16, 2013 EVO Banco, S.A. was established as a subsidiary of NCG Banco, S.A.[3]

References

  1. ↑ Novagalicia ya opera fuera de Galicia con la marca EVO Bank (in Spanish)
  2. ↑ NCG Banco vende EVO a la firma de capital riesgo Apollo por 60 millones (in Spanish)
  3. ↑ https://www.boe.es/borme/dias/2013/10/16/pdfs/BORME-A-2013-198-15.pdf
Official


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