MADRID | By Julia Pastor | There are not registers or official data about the real number of mortgages affected by floor clauses, but market sources estimate 80% of the whole.
BBVA becomes first European issuer of new generation of bonds
The issue was placed with qualified foreign investors, with an order book that exceeded $9 billion and with the participation of more than 400 investors.
BBVA’s González: “Garanti bank acquisition is exceeding expectations”
In 2011, BBVA had the opportunity to invest more than €4 billion in Turkey by acquiring 25% of Garanti Bank, making it the biggest Spanish investor in that market.
The LatAm lifeline of Spain’s big banks
Spain’s largest banks have built up a bigger footprint in Latin America to hedge against recession-hit European markets. Their bet is now paying off. The economies of the region are still expanding.
BBVA becomes the first Spanish bank to open a branch in Taiwan
BBVA’s representative office in Taipei, set up in 2006, is now a full branch. The entity is now the first Spanish bank to open a branch in Taiwan and the first European bank to open one since the financial crisis began. BBVA began building its Asian franchise over 30 years ago and now has operations [...]
Emerging economies heat up global tourism activity
How To Get Your Ex Girlfriend Back In the last six years citizens’ expenditure from emerging and fast growing economies in international tourism services has more than doubled, whereas in the G7’s it has barely grown. The gap in the aggregate expenditure is closing very fast, according to BBVA recent research. While in 2005 the total of [...]
Goldman Sachs forecasts 50pc price increase for Santander, BBVA
MADRID | Finance daily newspaper Expansion reported Tuesday that investment bank Goldman Sachs expects Santander and BBVA stock price to go up by 50 percent, according to an analysts’ note. The confidence of Goldman Sachs experts goes far beyond the two big Spanish banks, too. All medium-sized banks in Spain had their ratings updated with higher value, apart from Bankinter, whose share [...]
Spain’s blue chips top European 10 companies’ ranking by dividend yield
By Luis Torralba, in Valencia | Telefónica, Banco Santander, Iberdrola, BBVA and Repsol, that is, the so-called Spanish ‘blue chips’ or front line corporations are currently all placed among the top ten Euro Stoxx50 stocks by dividend yield. This is quite an interesting piece of information to bear in mind when allocating capital, because it is one [...]
Santander, BBVA surpass €1 billion profit in Q1 2012: the geographical key
MADRID | Banco Santander registered a net attributable profit of €1.604 billion in the first quarter of 2012, a decline of 24% year on year. Santander, that released Thursday its results for the January-March period of this year, noted that this decline was mainly due to the significant increase in provisions for non-performing loans, which rose by [...]
CaixaBank+Banca Cívica = Spain’s €342-billion leading financial group
Should Banco Santander and BBVA watch out for this one? The absorption of Banca Cívica, approved on Monday by Caixabank’s board, will create the leading bank in the Spanish market, with assets of €342 billion, stock market capitalization in excess of €16 billion, 14 million customers and an average Spanish market share in deposits of [...]
