The Cofece determined that there were no risks to competition in the country’s banking sector with this transaction.
BBVA Mexico is the largest bank in the country by number of assets and credit portfolio. Until the closing of 2024, bank assets amounted to 3.38 billion pesos and borrowed 1.9 billion pesos.
Sabadell Mexico, meanwhile, is the nineteenth -year -old Bank for the number of assets with 143,715 million pesos and a credit portfolio of 94,498 million pesos.
“BBVA also received three of the most relevant approvals in Europe: The approval of the Prudential Regulation Authority (PRA) in the United Kingdom and the non -objection of the European Central Bank, “said the bank in a statement.
