| Home : March 2012 : March 10, 2012 News : BBVA doubles its market share in Catalonia |
BBVA doubles its market share in Catalonia |
March 10, 2012
The BBVA Group will substantially increase its presence in Catalonia by incorporating Unnim Banc after being chosen for this purpose in an auction by Spain’s Fund for Orderly Bank Restructuring, known as FROB. BBVA thus expands in one of the most attractive markets in Spain through an operation with no material impact on its liquidity or capital, and with the risks contained.
1888PressRelease - The transaction will make a positive contribution to BBVA earnings starting in 2014, with a return of more than 20%.
Unnim Banc has €29 billion in assets and one million customers with a high degre [...]
http://www.1888pressrelease.com/bbva-doubles-its-market-share-in-catalonia-pr-380753.html
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