Banco Bilbao Vizcaya Argentaria, S.A. (BBVAE.XC)
- Zacks
Why Banco Bilbao (BBVA) is a Great Dividend Stock Right Now
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- Reuters
Spain's BBVA plans to roll out digital bank in Germany
Spain's second largest bank BBVA is planning to extend its digital banking services to Germany as it seeks to boost customer numbers and mirror its success in Italy, the bank's country manager in Spain said on Wednesday. BBVA, which recently submitted a hostile 12.28 billion euro ($13.20 billion) takeover offer for Sabadell, has invested heavily in digital banking services and like larger Spanish rival Santander, has been expanding in emerging economies, such as Mexico, when it struggled in the past to boost income in mature markets. In October 2021, BBVA entered the consumer lending market in Italy by offering free online accounts to take advantage of a shift to digital banking there during the pandemic.
- Reuters
Spain could set more conditions in BBVA bid for Sabadell, CNMC head says
SANTANDER, Spain (Reuters) -The Spanish government could set additional conditions on BBVA's 12-billion-euro ($12.85 billion) takeover bid for smaller rival Sabadell, the head of the country's antitrust watchdog said on Tuesday. Cani Fernandez, head of the regulator, CNMC, also said that the watchdog could force the combined entity to divest in areas such as the insurance business. The watchdog is reviewing the bid proposal and that could take at least a month, or three months if the review goes to a second phase, Fernandez told an event in Santander.
