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Banco Bilbao Vizcaya Argentaria S.A. Feb 02
Standard & Poors, Feb 2002
Abstract
The ratings on Banco Bilbao Vizcaya Argentaria S.A. (BBVA) reflect the bank's strong domestic franchise and financial profile, and the heightened risk resulting from its exposure to Latin America. BBVA has a diversified business profile, anchored in all segments of Spanish banking, with market shares between 16% and 21%. In Latin America, the group has reached 10% market share by customer deposits, with a noticeably good position in Mexico, and 28.5% in pension fund management. The integration--fully completed about one year after the merger--proceeded quickly and smoothly thanks to the experience of the management teams in previous mergers, the complementary nature of the two banks' business mix, and the healthy economic environment in Spain. The creation of a unified network...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria S.A.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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