Taking technology a step further
THE MARKET SEEMS to have fallen out of love with BBVA. Despite its continued strong performance and growth across the board, the bank’s stock no longer commands the premium it once did. Worse still, one or two analysts have even started to speculate that the bank could become a takeover target or even become a break-up candidate like ABN Amro.
Such speculation is hardly fair on Spain’s second-largest bank, which has more than doubled its shareholders’ money over the past five years and achieved the kind of efficiency ratios that most banks cannot even imagine. BBVA has a bold vision in retail banking, in which it is already among the most sophisticated players and it has forged an excellent position in Mexico, one of the world’s most promising banking markets. Having formed an alliance with and acquired a stake in China Citic Bank,...
