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Report: BBVA considering bank acquisition in Turkey, CEO says

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Report: BBVA considering bank acquisition in Turkey, CEO says

Banco BilbaoVizcaya Argentaria SA CEO Carlos Torres Vila said the bank, whichhas a 39.90% stake in Turkey's Türkiye Garanti Bankasi AS, wants to acquire anotherlender to "bring value to Garanti," Hürriyet Daily News reportedApril 11.

The Spanish lender is not engaged in discussions with anylenders at present, but it aims to expand its presence in Turkey, Vilareportedly said.

"Turkey is of great importance for us in the long termas it has great economic potential," he added. "Therefore, we areevaluating new acquisition opportunities in the Turkish market just as we arein other markets where we have activities."