Bank of Spain submits favourable report to ECB on BBVA takeover bid

The Spanish supervisor concludes that the operation does not pose a problem for financial stability, as the solvency and liquidity of the new group are guaranteed. The ECB will give its opinion in September.

The ECB's authorization is the first in a long list of regulatory approvals that BBVA must obtain and constitutes the main risk of this operation, given the strong social, economic and political rejection that this acquisition has generated.

The approval of the sup

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