StockSpain

Banco Popular has released its results for the 4th quarter and consolidated 2009. In general, the results were slightly above consensus estimates of analysts at the level of net profit (+11%). Maintains a significant growth in net interest income, which can maintain a double-digit growth in the year in which the accumulated slowdown 4T09.
The [...]

Luis Portillo, who is the major shareholder of Inmobiliaria Colonial, has agreed to transfer part of his stake to banks in order to repay debt.
Former Chairman Luis Portillo transferred 149.7 million shares, which account for 9.2 percent of the company, to Banco Popular, according to a regulatory filing released today. He also gave up 88.8 [...]