Banco Pastor
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Banco Pastor, S.A.
(Spanish:PAS)
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Cantón Pequeño, 1 15003 La Coruña, Spain Tel. +34-981-127-600 Fax +34-981-127-433 |
Type: Public
On the web:
http://www.bancopastor.es
Employees:
4,221
Employee growth: (1.1%)
Banco Pastor, founded in 1776, operates more than 600 branch offices and 800 ATMS in Spain. The bank also serves clients from 10 foreign offices in Europe and the Americas. Banco Pastor offers a range of banking services including checking, savings, credit cards, and account service by phone or Internet. Other financial services provided by the bank include mortgage lending, consumer and commercial lending, leasing, and investment products. In 2010 the bank sold its Gespastor fund management unit and half of its Pastor Vida life insurance arm to Portugese firm Banco Espírito Santo. The Fundación Pedro Barrié de la Maza owns more than 40% of Banco Pastor.
Key numbers for fiscal year ending December, 2011:
Sales: $1,780.8M
One year growth: 7.1%
Net income: $54.9M
Income growth: (34.0%)
Officers:
Honorary President: Carmela Arias y Díaz de Rábago
Chairman: José-María Arias Mosquera
Director, CEO, and Management Committee Member: Jorge Gost Gijón
Competitors:
BBVA
Banco Popular Español
Grupo Santander
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Banco Pastor
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Banco Pastor
| Type | Sociedad Anónima |
|---|---|
| Traded as | BMAD: PAS |
| Predecessor(s) | Jaime Dalmau y Cía |
| Founded | La Coruña, Galicia, Spain (1776) |
| Founder(s) | Jaime Dalmau Batista |
| Headquarters | La Coruña, Spain |
| Area served | Nationwide |
| Key people | José María Arias Mosquera (CEO) |
| Products | Banking, insurance, asset management |
| Services | Financial services |
| Employees | 4,035 |
| Website | www.bancopastor.es |
Banco Pastor, S.A. is a Spanish bank. It is the second oldest banking institution in the country, after Banco Etcheverría.
The bank's main business activity is commercial banking, corporate banking, Internet and telephone banking, and treasury and capital markets. The bank had 4,035 employees as of 2005, 555 branches in Spain and 3 abroad.
History
Founded in 1776 by Jaime Dalmau Batista as Jaime Dalmau y Cía (Jaime Dalmau and Company), who had a shipping company operating between the port of A Coruña and several American ports. Galician emigrants used to send their savings back to Galicia through the shipping company, hence the need to manage all that capital.
In 1819 José Pastor Taxonera became a partner in the company, and soon took control of the business. He bought it in 1845 and changed its name to José Pastor. The business was passed down through generations of his descendants, changing its name to Pastor Hermanos, José Pastor y Cía. and Sobrinos de José Pastor successively until 1925, when it was given its current name and became a S.A. (corporation).
In 1939, Pedro Barrié de la Maza (one of the main economic supporters of the Franco's coup d'état who had received an economic tzar position in Galicia in exchange for his support) took full control of the bank and use it as a supporter of Galician business network control. At a national level it cooperation with Astano, Renfe and Fenosa, founded in 1943 by Barrié de la Maza.
In 1971, after Barrié de la Maza's death, his wife Carmela Arias y Díaz de Rábago was appointed executive president of the bank, being the first woman to do so in Spain. In September 2001 she was succeeded by José María Arias Mosquera.[1]
Notes
External links
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