The Basque Government has called on the BBVA to continue strengthening its presence in the Basque Country
Following the conclusion of the PIE on Sabadell, presidential sources recalled that "it was an operation between two private companies that shareholders had to decide and have decided", but stressed that "having a strong, competitive and deep-rooted financial sector is good and necessary for the economies of both the Basque Country and Catalonia".
The Basque Government has called on the BBVA to continue to strengthen its presence in the Basque Country after the end of the EEP road over Sabadell, according to presidential sources.
Last week, President Imanol Pradales stressed that if taken to the head, the BBVA PIE would be good for both the Basque Country and Catalonia because, in his words, "a certain consolidation is needed in the area of finance" and it is important to have a "strong and competitive financial sector".
In view of the fact that this PIE has not been completed, sources from the presidency have recalled that "it was an operation between two private companies that the shareholders had to decide and have decided", although they have stressed that "it is good and necessary to have a strong, competitive and deep-rooted financial sector ", whether it be the Basque Country or the Catalan economies.
The same sources have recalled that the BBVA is "a Basque bank, deeply rooted in Bilbao and with a long history of commitment to the Basque Country, which in recent times has taken important steps to strengthen its presence, contribution and economic and financial impact in our country.
That is why he has been in favour of continuing to "deepen this direction, establishing relations and creating a greater shared return, both for the Basque Country and for the bank itself. It opens a new stage for the BBVA, as well as stabilizing and strengthening the relations of the Basque Country with what is one of its main financial institutions."
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