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BBVA Seeks To Up Spanish Market Share

Banco Bilbao Vizcaya Argentaria is seeking to increase its market share in Spain.

Banco Bilbao Vizcaya Argentaria (BBVA) is seeking to increase its market share in Spain, The Wall Street Journal reports. The Spanish bank is planning to boost its market share by about 50% over the next three years.

The bank may also acquire assets from Spain’s savings banks, known as cajas. BBVA, which currently controls about 11% of the Spanish banking market, received €939 million net profit in the fourth quarter of 2010, as compared to €31 million in the fourth quarter of 2009.

Click here for the story from The Wall Street Journal.

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