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.[1] In the four initial weeks EVO Banco had managed to attract 8,290 clients and 70 million euros.
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.[2]
On October 16, 2013, EVO Banco, S.A. was established as a subsidiary of NCG Banco, S.A.[3]