Spanish banking competitors Banco Bilbao Vizcaya (BBV) and Banco Santander have been leading the acquisition binge in Latin America. So far, which has done the best deals? Bankers believe that in most countries BBV has managed to buy better-positioned banks than Santander.
In Venezuela, BBV captured a 25% market share by buying an estimated 40% stake in Banco Provincial, one of the few banks that didn’t go through a government bail-out.
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