Grupo BBV remains committed to Latin American investments

Article Abstract:

Grupo BBV, a Spanish banking group, remains committed to Latin American investments despite a steep drop in the shares of its parent, Banco Bilbao Vizcaya SA. BBV announced in March 1998, of its intention to boost its 1,000-day investment plan in Latin America from the previous $2.1 billion to $3.5 billion. Pedro Luis Uriarte, chief executive of BBV, said the company should exploit its position as the focus of the market's attention. Along with BBV's, the other shares that have been active in Spain are telecom powerhouse Telefonica SA and rival banking group Santander SA.

Comment:

Remains committed to Latin American investments despite a steep drop in the shares of its parent, Banco Bilbao Vizcaya SA

Latin America, Grupo BBV

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S-E-Banken seeks to boost its stake in Hansapank

Article Abstract:

Skandinaviska Enskilda Banken AB (S-E-Banken) of Sweden has filed an application to increase its interest to a maximum of 33% in Hansapank AS. S-E-Banken is seeking to boost its 10% stake in the largest bank of Estonia, that would give it leverage to become the key strategic partner with Hansapank. S-E-Banken's application was filed with the central bank of Estonia. The planned purchasing program will also help S-E-Banken to surpass Swedish banking group FoereningsSparbanken as the largest shareholder in Hansapank.

Comment:

Files an application to increase its interest to a maximum of 33% in Hansapank AS and become the largest shareholder

Sweden, Skandinaviska Enskilda Banken AB

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