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BBVA BBVA Bilbao Vizcaya Argentaria SA

9.90
0.26 (2.70%)
18 Jun 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
  0.26 2.70% 9.90 9.85 9.67 9.73 858,627 00:48:55

Banco Financiero, Bankia To Combine Real Estate Assets Into Business Unit

13/12/2011 3:14am

Dow Jones News


BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
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Bankia SA (BKIA.MC) and its parent company Banco Financiero y de Ahorro SA have decided to group together their real-estate assets into a new business unit in an attempt to cut costs and obtain fiscal perks, reports El Pais in its Tuesday Internet edition, without citing any sources.

Last month, Banco Bilbao Vizcaya Argentaria SA (BBVA) also said it would group its EUR30 billion ($40 billion) worth of real-estate assets into a new unit.

BFA and Bankia have become Spain's largest real-estate company in Spain, with more than EUR11 billion in assets. In addition, they have EUR41 billion in outstanding loans to real-estate developers.

Newspaper website: www.elpais.com

-Dow Jones Newswires; enza.tedesco@dowjones.com

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