BANCO BILBAO VIZCAYA ARGENTARIA (BBVA).
BANCO BILBAO Bilbao (bēlbä`ō), city (1990 pop. 383,798), capital of Vizcaya Vizcaya: see Basque Country. prov., N Spain, in the Basque Country, on both banks of the Nervión River, near the Bay of Biscay. A leading Spanish port and commercial center since the 19th cent., it is at the heart of an important industrial area with iron mines nearby. VIZCAYA ARGENTARIA (BBVA BBVA - Banco Bilbao Vizcaya Argentaria (First Bank of Spain)) bought local bank Bancomer, creating the country's largest bank. BBVA will inject US$1.4 billion cash into Bancomer before issuing $450 million in debt to further increase its capital.
COPYRIGHT 2000 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion