• BBVA Offers Marbella Luxury Homes From 150,000 Euros

    BBVA has expanded its real estate offer in Marbella (Málaga) with 100 luxury homes for sale in the Samara Resort, located in Los Altos de los Monteros, which have terraces of up to 188 square metres with sea views. El …

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  • Big Banks’ Home Sales Fell in 2013

    Spain’s large financial institutions also suffered plummeting home sales last year. In 2013, the total number of properties sold by the six largest banks and the Sareb stood at 78,448. Among them, the Santander Bank was highlighted, with its sales …

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  • Banks Return to Granting 100%+ Mortgages

    Banks have increased their offensive in order to reduce the volume of properties on their balance sheets, and are again giving mortgages worth more than 100% of the price or appraised value of a property. The BBVA, Popular and Sabadell …

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  • BBVA Expects Housing Sector to Recover in 3 Years

    During the presentation of their quarterly results, the CEO of the BBVA bank, Ángel Cano, stated that the BBVA believes that the real estate sector in Spain still have a long way to go to make a recovery – a …

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  • BBVA Revises Forecast for Spanish Economy

    The Spanish economy will shrink by 1.4% both in 2012 and in 2013 because of persistent financial strains and lack of concrete solutions at the EU level, says the BBVA. They further predict that the unemployment rate will touch 26% …

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  • Cajas Closures Will Leave 4.8 Million Spanish Without Local Branch

    The General Workers’ Union (UGT) has complained that the restructuring of the savings banks will leave 4.8 million people with no bank branch in their area. The union estimates that 2,656 villages, which at present only have savings banks, will …

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  • BBVA Warns of a New Spanish Economic Recession

    BBVA said this week that the Spanish economy may fall into a new recession as they have “significantly” increased risk factors, while maintaining GDP growth at 0.8% this year and 1% for 2012, reported Cinco Dias. According to Spain’s Situation …

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  • BBVA and Santander Among the Most Creditworthy in Europe

    Despite the collapse of the housing sector, the decline in the profitability of Spanish debt and lack of credibility on the economy, the BBVA and Santander banks rank in the top four most creditworthy of the 50 largest banks in …

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  • Santander, BBVA and Banesto Rank Among the 50 Safest Banks

    Europe boasts 30 banks among the safest in the world in 2011, and features in the top ten, despite the sovereign debt crisis. Santander, BBVA and Banesto are among the 50 safest banks worldwide, according to the ranking by Global …

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  • Spanish Banks Get Stress Tests Results

    According to results released on Friday by the European Banking Authority (EBA), five of the eight European banks to fail the stress tests are Spanish. The Spanish banks who failed to reach the minimum capital levels required were the four …

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  • Goldman Sachs Predicts Spanish Banks Will Fare Worst on Stress Tests

    According to a survey released last week by Goldman Sachs, the Spanish financial sector look set to have the worst results in the European banks’ stress tests. These results are due to be published next month. After interviewing 113 specialists …

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  • Volcker Calls for New European Banking Authority

    The former U.S. Federal Reserve President Paul Volcker has said that Europe needs a public institution that helps moderate large financial institutions when necessary, so that they cause least damage to the country’s economy, as they have in the United …

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  • BBVA Sees “Light at the End of the Tunnel” – Posts 9.4% Rise in Profits

    BBVA, the second largest bank in Spain, has announced a 9.4% yearly rise in net profits to 4.6 billion euros. While BBVA does have some exposure to real estate sector loans on its books, it says it now has “limited …

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  • Court Rules “Repossessed Property Covers Excess Mortgage Debt”

    In what could be the beginning of a change in Spanish law, a judge in Navarra has ruled that the proceeds gained from the sale of a property repossessed by a bank should be sufficient to clear the former owner’s …

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  • Spanish Bank BBVA to Take €4.2b Stake in Garanti Bank of Turkey

    Spanish bank BBVA said today that it has agreed to acquire a 24.89 percent stake in Turkey’s Garanti Bank for 4.2 billion euros in cash and run it jointly with the Turkish bank’s main shareholder. BBVA, Spain’s largest bank after …

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