Banco de Valencia, S.A. · Valencia Spain ·(Spanish: BVA)
Company Description
Phone: +34-96-398-45-00
Fax: +34-96-398-45-70
Rankings
- Madrid General
View Banco de Valencia, S.A. Locations On A US Map
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This link will open in a new window Banco de Valencia provides banking and financial services to individuals and businesses in Spain, including credit cards, checking, and savings deposits along with a variety of lending, investment, and insurance products. It also offers foreign currency deposits and fund transfers. Banco de Valencia operates a network of some 400 branches, primarily in the provinces of Alicante, Barcelona, Castellón, Murcia, and Valencia on the eastern coast of Spain. Credit group Bancaja, also headquartered in Valencia, owns some 40% of the company. Banco de Valencia was founded in 1900. To read the full description, subscribe now.
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Key Banco de Valencia, S.A. Financials
| Company Type | Public - Spanish: BVA Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $500.6 |
| Employees | 2,200 |
Banco de Valencia, S.A. Executives
5 executives listed for Banco de Valencia, S.A.'s Valencia, location.
| Title | Name & Bio | Contact |
| President | José Luis Olivas Martínez | Network |
| Systems Director | José Folqués Peretó | Network |
| VP | Celestino Aznar Tena | Network |
Competition
Competitive Landscape for Banco de Valencia, S.A.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Banco de Valencia, S.A. Competitors
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