Spanish bank BBVA raised the impact on its capital ratio to 38 basis points after it adjusted the hostile takeover offer for its smaller rival Sabadell , it said in a regulatory filing to the U.S. Securities and Exchange Commission on Tuesday.
Spain's Economy minister Carlos Cuerpo said on Friday it was too early to say if the competition authorities would review BBVA's takeover bid for Sabadell in phase 1 or would require a more in-depth phase 2 analysis, which would extend the process well into the first quarter of 2025.
Spain's BBVA on Tuesday said that it had adjusted its takeover offer for Sabadell to take into account interim dividend payments by both lenders to shareholders.
Spanish lender BBVA and U.S. investor KKR said on Friday they had formed a strategic partnership focused on investments linked to the world's climate-driven transition to a low-carbon economy.
Banco Sabadell CEO César González-Bueno told Charlotte Reed in an exclusive interview that BBVA's takeover proposal is a "very volatile" offer with a "completely insufficient" price.
Spanish bank BBVA approved the issuance of securities worth as much as 1.5 billion euros ($1.67 billion) convertible into newly issued ordinary shares, the company said on Tuesday.
Spanish lender BBVA's Chief Executive Onur Grenc said on Wednesday he remained bullish on Mexico, the bank's largest market, ahead of the swearing-in ceremony of incoming president Claudia Sheinbaum.
Spanish bank BBVA has no intention of increasing its offer for smaller rival Sabadell , Chairman Carlos Torres said on Tuesday.
Banco Sabadell CEO Cesar Gonzalez-Bueno said on Monday he sees the success of the hostile takeover of his bank by larger rival BBVA as very unlikely.
Argentina's improving economy and inflation trends support a bullish outlook for BBVA Argentina. BBVA Argentina's strong earnings growth, improved efficiency ratio, and prudent risk management indicate robust financial health and potential for further stock price appreciation. Increased consumer confidence and privatization efforts under Milei's economic reforms bolster the bank's lending activities and overall profitability.
Britain's Prudential Regulation Authority has given a green light to BBVA to take indirect control of TSB, the British unit of Spain's Sabadell , BBVA said on Tuesday.
The Colombian unit of bank BBVA has issued ordinary shares worth 877 billion pesos ($217.9 million), the Colombian stock exchange said in a statement on Tuesday.