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BBVA’s Ban...
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Global Finance Magazine

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Image Credit: Global Finance Magazine

BBVA’s Bank Takeover Advances

  • Spanish bank BBVA's hostile takeover of Banco Sabadell remains in limbo.
  • BBVA continues to pursue approvals from regulators, including Morocco's central bank, Bank Al-Maghrib.
  • BBVA aims to enter the Moroccan market by taking over Sabadell's branch, targeting trade relations and serving Spanish companies with business interests.
  • If the takeover is successful, the combined bank will have €1 trillion in assets, with vast opportunities in Morocco's trade and remittance markets.

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