BBVA obtains preliminary authorisation to open new office in Abu Dhabi, strengthening position in Middle East

BBVA guapa

Alphavalue / Divacons | The financial institution obtained a preliminary licence from the Abu Dhabi Global Market (ADGM) authority, allowing it to expand its wholesale banking services in the Middle East and strengthen its position as a strategic partner for corporate and institutional clients in the region. Eduardo Ortiz will lead operations from the new Abu Dhabi office.

BBVA also informed the National Securities Market Commission (CNMV) that the monetary amount of the shares purchased to date as a result of the execution of the buyback programme amounts to €922,478,542.32, representing approximately 92.90% of the maximum monetary amount of the buyback programme.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.