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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.
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Author:DEMPSEY, MARY
Publication:Latin Trade
Geographic Code:1MEX
Date:Sep 1, 2000
Words:35
Previous Article:DAIMLERCHRYSLER.
Next Article:BANCO SANTANDER CENTRAL HISPANO (BSCH).



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