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BRIEF-Turkish Garanti Is Critical Part of BBVA, Bank Does Not Comment on Rumours on Potential Sale, CEO Says
Telefonica SA Sponsored ADR TEF | 4.29 | +0.94% |
Banco Bilbao Vizcaya Argentaria, S.A. Sponsored ADR BBVA | 21.19 | -1.94% |
Dow Jones Industrial Average DJI | 47147.48 | -0.65% |
S&P 500 index SPX | 6734.11 | -0.05% |
NASDAQ IXIC | 22900.59 | +0.13% |
Oct 30 (Reuters) - Chief Executive Officer and Chief Financial Officer of BBVA Say:
WE DO NOT COMMENT ON ANY RUMOUR REGARDING POTENTIAL SALE OF TURKISH GARANTI, TURKISH BANK IS CRITICAL PART OF BBVA
TURKEY IS ON A PATH OF NORMALISATION THOUGH THERE ARE STILL MANY RISKS AROUND CURRENCY, BUT WE HAVE THE BEST BANK IN THE COUNTRY
OUR MEXICAN AND TURKISH MARKETS ARE PERFORMING MUCH BETTER THAN WHAT WE EXPECTED EARLIER THIS YEAR
BANK DOES NOT FORESEE ANY MANAGEMENT CHANGES IN THE BANK FOLLOWING FAILED BID FOR SABADELL
BANK DOES NOT SEE A MATERIAL IMPACT FOR BBVA ASKED ABOUT BANKING TAX IN ITALY
BANK IS NOT EMBARKING ON NEW COMMERCIAL STRATEGY IN SPAIN FOLLOWING FAILURE OF SABADELL BID AS IS ALREADY GAINING MARKET SHARE
IT MIGHT BE JUSTIFIED TO REVIEW SPANISH TAKEOVER LEGISLATION FOLLOWING FAILED BID FOR SABADELL
THERE WILL BE MANY MORE SHARE BUYBACKS TO COME AS WE WILL BE REACHING A CAPITAL RATIO CLOSE TO 14%
OUR DIGITAL FOCUS IS CENTRED IN GERMANY AND ITALY
STAKE IN TELEFONICA IS A FINANCIAL INVESTMENT AND WE ARE A NOT PLANNING TO CHANGE IT
CAN CONFIRM THAT BBVA HAS NO CLIENTS IN THE DEFENCE SECTOR IN ISRAEL AND FULLY COMPLIES WITH SPANISH LEGISLATION
Further company coverage: BBVA.MC
(Reporting by Madrid Newsroom)
((jesus.aguado@thomsonreuters.com;))


