MADRID| By Francisco López| Spain’s banking sector wholesale maturities will reach € 88,000 million in 2014 and € 72,000 million in 2015. Experts forecast that more than half will be financed via foreign markets.Only BBVA estimates to sell around € 7,000 million in bonds and covered bonds.
MADRID | By The Corner Team | Mexican investors, such as Grupo Financiero Ve Por Mas among others, will invest 450 million euros ($621 million) in Banco Popular Español SA (POP), thus acquiring a 6 percent stake in Spanish bank.
*PHOTO by Bloomberg.
By Revista Consejeros | Roberto Higuera, deputy president of Banco Popular: “When they had trouble with Hypo Ryal more than €100 billion were needed, whereas in Spain it turned out that we could do with less than €40 billion. What marked the difference is that Spain had to ask for help, while Germany put the money from its own pocket.”