Banco BBVA Argentina S.A. is expected to benefit from Argentina's economic reforms, but has weaker fundamentals compared to peers, making it a less attractive investment. The bank's loan-to-deposit ratio is conservative at 66%, providing room for loan growth, but its operating efficiency and profitability lag competitors. Despite a favorable macroeconomic backdrop, BBVA Argentina's recent performance has been mixed, with declining net interest income and higher efficiency ratios.
Spanish bank BBVA on Wednesday committed to taking a series of measures to try to secure a green light from antitrust regulator CNMC for its proposed hostile takeover of smaller rival Banco Sabadell.
Spain's BBVA remains committed to cooperating with the competition authority CNMC to secure approval for the lender's takeover of Sabadell "in a few months", Chief Executive Officer Onur Genc said on Wednesday.
BBVA's long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid, which fell further in value after Donald Trump's U.S. election victory fuelled concerns over its Mexican business.
BBVA's hostile takeover bid for smaller rival Sabadell will require a phase 2 review, Spain's anti-trust watchdog CNMC said in a statement on Tuesday.
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA ) Q3 2024 Earnings Conference Call October 31, 2024 4:30 AM ET Company Participants Patricia Bueno – Investor Relations Onur Genc – Chief Executive Officer Luisa Gomez Bravo – Chief Financial Officer Conference Call Participants Maksym Mishyn – JB Capital Benjamin Toms – RBC Capital Markets Antonio Reale – Bank of America Sofie Peterzens – JPMorgan Ignacio Ulargui – BNP Paribas Exane Carlos Peixoto – CaixaBank Britta Schmidt – Autonomous Research Marta Sanchez Romero – Citi Patricia Bueno Good morning.
BBVA has submitted possible remedies to competition authorities in order to ease concerns and avoid a longer review of its proposed 12 billion euro ($13 billion) takeover of Sabadell , the Spanish bank's CEO said on Thursday.
BBVA said on Thursday its third quarter net profit rose 26% from the same period in 2023 thanks to a solid performance in Spain, where it aims to expand through an around 12 billion euros takeover bid for rival Sabadell.
Spain's anti-trust watchdog CNMC said on Wednesday it would decide around mid-November whether BBVA's takeover bid for smaller rival Sabadell will be reviewed in phase 1 or phase 2 of its evaluation process.
Spain's anti-trust watchdog CNMC on Monday said it continued analysing potential competition issues of BBVA's hostile takeover bid for smaller rival Sabadell which it said was still reviewed under phase 1.
BBVA, UMC and JXN made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 22, 2024.
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.