{{Short description|Spanish bank}} {{Infobox company | name = EVO Banco, S.A.U | logo = Evo banco logo.svg | caption = | trading_name = <!-- d/b/a/, doing business as - if different from legal name above --> | native_name = <!-- Company's name in home country language --> | native_name_lang = <!-- Use ISO 639-2 code, e.g. "fr" for French. If there is more than one native name, in different languages, enter those names using {{tl|lang}}, instead. --> | romanized = | former type = | type = Sociedad Anónima Unipersonal | traded_as = | industry = Financial services | genre = <!-- Only used with media and publishing companies --> | fate = | predecessor = NCG Banco, S.A. | successor = | foundation = A Coruña, Spain ({{start date|2013|10|16}}) | founder = | defunct = <!-- {{End date|YYYY|MM|DD}} --> | location_city = Madrid | location_country = Spain | locations = 80 branches | area_served = Nationwide | key_people = José Luis Abelleira, CEO | products = | production = | services = {{unbulleted list|Retail banking|Commercial banking}} | revenue = | operating_income = | net_income = | aum = <!-- Only used with financial services companies --> | assets = | equity = | owner = Bankinter | num_employees = 590 | parent = | divisions = | subsid = | homepage = {{URL|http://www.evobanco.com/}} | footnotes = | intl = | bodystyle = }} '''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.<ref>[http://www.cincodias.com/articulo/mercados/novagalicia-opera-fuera-galicia-marca-evo-bank/20120301cdscdimer_5 Novagalicia ya opera fuera de Galicia con la marca EVO Bank] {{in lang|es}}</ref> In the four initial weeks EVO Banco had managed to attract 8,290 clients and 70 million euros.{{citation needed|date=October 2013}}
==First 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.<ref>[http://www.eleconomista.es/empresas-finanzas/noticias/5126688/09/13/NCG-Banco-vende-EVO-a-la-firma-de-capital-riesgo-Apollo-por-60-millones-.html NCG Banco vende EVO a la firma de capital riesgo Apollo por 60 millones] {{in lang|es}}</ref>
On October 16, 2013, EVO Banco, S.A. was established as a subsidiary of NCG Banco, S.A.<ref>[https://www.boe.es/borme/dias/2013/10/16/pdfs/BORME-A-2013-198-15.pdf Official Gazette of the Commercial Registry]. Retrieved 28 August 2024</ref>
== Second acquisition == In May 2019, Spanish bank Bankinter acquired Evo Banco, incorporating its 452,000 clients.<ref>{{Cite web|url=https://cincodias.elpais.com/cincodias/2019/05/31/companias/1559322847_668364.html|title=Bankinter cierra la compra de EVO y su filial de consumo irlandesa por 65,8 millones|last=Alconada|first=Ángeles Gonzalo|date=2019-05-31|website=Cinco Días|language=es|access-date=2020-02-08}}</ref> In September 2019, it announced that, as of October 18, only the Madrid office would remain operational.<ref>{{Cite web |url=https://www.spymp.es/quienes-somos |title=Servicios Prescriptor y Medios de Pagos E.F.C., S.A.U - Quiénes somos |access-date=2024-08-07 |archive-date=2022-07-01 |archive-url=https://web.archive.org/web/20220701112701/https://www.spymp.es/quienes-somos |url-status=dead }}</ref>
In March 2021, it announced that, effective around May 1, it would relocate its only physical office and corporate headquarters to another location nearby.<ref>{{Cite web |date=2021-03-17 |title=EVO Banco se muda y estrenará nueva sede en mayo en el barrio Salamanca |url=https://www.elespanol.com/invertia/empresas/banca/20210317/evo-banco-muda-estrenara-nueva-barrio-salamanca/566444680_0.html |access-date=2022-10-17 |website=El Español |language=es}}</ref>
In June 2024, Bankinter announced that it would absorb Evo Banco, with the aim of enhancing the digital capabilities of the first entity, as well as reducing costs and improving profitability.<ref>{{cite web|access-date=2024-06-20 |date=2024-06-19 |language=es |title=Bankinter absorbe Evo Banco para mejorar su rentabilidad y ahorrar costes |url=https://www.expansion.com/empresas/banca/2024/06/19/6672da4b468aebb72f8b4599.html |website=EXPANSION}}<!-- auto-translated from Spanish by Module:CS1 translator --></ref>
==See also== * List of banks in Spain
==References== {{reflist}}
==External links== {{Portal|Banks}} ;Official * [http://www.evobanco.com Official website] * {{facebook|EVObanco|EVO Banco}}
Category:Banks based in Madrid Category:Banks established in 2013
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