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BBVA BBVA Bilbao Vizcaya Argentaria SA

10.46
-0.25 (-2.33%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BBVA Bilbao Vizcaya Argentaria SA NYSE:BBVA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -2.33% 10.46 10.78 10.295 10.62 1,962,841 01:00:00

BBVA Completes Sale of Paraguay Unit

25/01/2021 6:52am

Dow Jones News


BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
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   By Pietro Lombardi 
 

Banco Bilbao Vizcaya Argentaria SA has completed the sale of its subsidiary in Paraguay for about $250 million.

The Spanish bank said late Friday that the deal leads to a loss of roughly nine million euros ($11 million) while adding about six basis points to its core Tier 1 capital, which will be reported in its first-quarter results.

The acquirer is Banco GNB Paraguay SA, an affiliate of Grupo Gilinski.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

January 25, 2021 01:37 ET (06:37 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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