CABK

It reflects progress made by CABK in implementing its new strategy since its acquisition by Helios Investment Partners LLP (Helios) in March 2016, which involves a significant increase in the scale of its business model.

The Outlook revision reflects progress made by CABK in implementing its new strategy since its acquisition by Helios Investment Partners LLP (Helios) in March 2016, which involves a significant increase in the scale of its business model.

CABK's operating profit increased 33 per cent yoy in 9M10, driven by strong growth in net interest income (+35 per cent) and a healthy increase in fee and commission income (+13 per cent).

The rating actions follow the completion of the acquisition (announced in late July 2015, see 'Fitch Downgrades Crown Agents Bank Ltd to 'BBB'; Puts IDRs on RWN') of CABK by funds advised by Helios Investment Partners LLP (Helios) from its previous 100% shareholder, Crown Agents Limited, at the beginning of April 2016.

Barclays Plc (LSE: BARC) has completed the sale of its Spanish pension assets and liabilities to a unit of CaixaBank (CABK.MC), according to Reuters.

The three biggest lenders in the country, Santander (SAN.MC), BBVA (BBVA.MC) and CaixaBank (BME: CABK) have posted lower profits.

Spanish lender, CaixaBank (BME: CABK), is set to acquire Portuguese bank, BPI, after reaching an agreement with an Angolan investor who had blocked its offer earlier, The New York Times has reported.

Elo was founded by three of Brazil's top banks: Banco do Brasil (BVMF: BBVAS3), Bradesco (BVMF: BBDC4) and Caixa (CABK.MC).

Barclays Plc (LSE: BARC) (NYSE: BCS) is planning to sell its Spanish retail and corporate banking operations to Caixabank (CABK.MC), as the British bank seeks to exit most of its European retail banking businesses, Reuters has reported.

Spanish group, CaixaBank (CABK.MC), has said that it has 4.2 million mobile banking customers, with its apps downloaded 10 million times, according to an online report.

Spanish lenders Santander (SAN.MC) (NYSE: STD), BBVA (NYSE: BBV) (BBVA.MC) and Caixabank (CABK.MC) are likely to be contacted, while Bankinter might be interested in acquisition of the private banking operations from Barclays, the sources said.

Caixabank SA (CABK.MAD), Spain's third-largest bank by market value, has reported that its net profit for the first-quarter was EUR152m (USD210m), down 54.6 percent from a year earlier.