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Banco Popular Español

Spain

Founded in

1926 (100 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

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Regulated

Recommended

(72 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know Banco Popular Español

Company Information

Get to know Banco Popular Español

Founded in 1926, Banco Popular Español, S.A. grew to become the sixth largest banking group in Spain, with a significant focus on providing services to small and medium-sized enterprises (SMEs). For decades, it was a key player in the Spanish financial landscape, offering a full range of banking products, including retail banking, corporate banking, asset management, and insurance. Following the 2008 financial crisis, the bank struggled with a large portfolio of non-performing real estate assets. In June 2017, the European Central Bank declared the bank "failing or likely to fail," leading to a resolution action by the Single Resolution Board, which resulted in its acquisition by Banco Santander for a symbolic price of €1. All operations, branches, and customer accounts have since been fully integrated into Banco Santander.

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