BBVA's Cano says bank will focus on U.S. for expansion

10/28/2009 | Reuters

BBVA will seek expansion opportunities in the U.S., the bank's CEO, Angel Cano, said Tuesday. "Our expansion strategy has not changed. We are clearly focusing on the U.S.," Mr. Cano commented. "We are looking at the FDIC for any opportunities which could arise," Mr. Cano added. But Mr. Cano indicated that the bank was in no hurry. BBVA had no immediate merger or acquisition plans, Mr. Cano said.

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