# Banco Mare Nostrum

Banco Mare Nostrum is a Bank / Wealth / Trust based in Madrid, Spain.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** www.bmn.es
- **LinkedIn:** https://linkedin.com/company/banco-mare-nostrum-s.a.

## Regulatory record

- **Reports private funds:** No

## About

bmn.es is your first and best source for information about bmn. Here you will also find topics relating to issues of general interest. We hope you find what you are looking for!

## Sectors

- Financial Services

## People

- José María Vera — CEO

## Questions

### What was Banco Mare Nostrum's investment mandate?

BMN was not an asset manager in the traditional sense. Its mandate was balance-sheet runoff and restructuring of the merged loan books of Caja Murcia, Caja Granada, and Sa Nostra. The bank focused on Spanish residential mortgages, SME lending, and managing a foreclosed real estate portfolio before its integration into Bankia.

### How was Banco Mare Nostrum formed?

BMN was created in 2010 through the Bank of Spain's intervention, which merged three struggling regional savings banks affected by construction and real estate loan losses. The merger was part of Spain's broader financial system restructuring aimed at concentrating and resolving troubled caja assets.

### What happened to Banco Mare Nostrum?

In March 2017, BMN agreed to merge with Bankia in a transaction valuing BMN at approximately €825 million. The merger closed in December 2017, and BMN's branches, assets, and brand were absorbed into Bankia, which itself later merged with CaixaBank in 2021.

### What was BMN's geographic footprint?

BMN operated primarily along Spain's Mediterranean arc, with significant branch and lending concentrations in Murcia, Granada, the Balearic Islands, and Málaga. The firm maintained its headquarters in Madrid and ran over 650 branches before its absorption.

### Did Banco Mare Nostrum make any direct investments or fund commitments?

No. BMN's balance sheet consisted entirely of legacy loans, foreclosed real estate, and standard banking assets from its predecessor entities. The firm was not structured to make venture capital commitments, private equity investments, or fund allocations.

## Related profiles

- [Bancolombia](https://altss.com/profile/bancolombia)
- [Banco Nacional de Angola](https://altss.com/profile/banco-nacional-de-angola)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/banco-mare-nostrum

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology