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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)), a Spanish bank, paid US$287 million for a 3.75% share in its Mexican subsidiary BBVA-Bancomer, raising its stake to 59.42%. BBVA bought the stake from a group of shareholders called Grupo Monterrey.
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Title Annotation:Mexico
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:1MEX
Date:Dec 1, 2003
Words:40
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